1. Compute the company's average operating assets for last year.

2. Compute the companys margin, turnover, and return on investment (ROI) for last year.

   Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places.

3. What was the companys residual income last year?

Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash $ 127,000 Accounts receivable. 472,000 Inventory 480,000 Plant and equipment, net 801,000 Investment in Buisson, S.A. 427,000 Land (undeveloped) 251,000 Total assets $ 2,558,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt $ 331,000 1,034,000 1,193,000 Stockholders' equity Total liabilities and stockholders' equity $ 2,558,000 Joel de Paris, Incorporated Income Statement Sales $ 4,650,000 3,999,000 651,000 Operating expenses Net operating income Interest and taxes: Interest expense Tax expense $ 111,000 193,000 304,000 Net income $ 347,000 The company paid dividends of $237,000 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 15%. $ 130,000 337,000 564,000 809,000 404,000 246,000 $ 2,490,000 $ 373,000 1,034,000 1,083,000 $ 2,490,000