Problem $10-15($Algo$)$ Return on Investment $($ROI$)$ and Residual Income $[$LO$10-1,$ LO$10-2]$

Financial data for Joel de Paris, Incorporated, for last year follow:

The company paid dividends of $$374,600$ 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 $15\%.$

Requlred:

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

$2$ Compute the company's margin, turnover, and return on investment $($ROI$)$ for last year. $($Do not round Intermedlete colculatlons ond

round your flnal answers to $2$ decimal places.$)$

What was the company's residual income last year?