Problem $11-17(Algo)$ Return $on$ Investment $(ROI)$ and Residual Income $[LO11-1,LO11-2]$

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

Joel $de$ Paris, Incorporated Balance Sheet Beginning BalanceEnding BalanceAssets Cash$ $130,000$$ $127,000$Accounts receivable$334,000471,000$Inventory$572,000483,000$Plant and equipment, net$804,000799,000$Investment $in$ Buisson, $S.A\mathrm{.}395,000428,000$Land $(undeveloped)248,000251,000$Total assets$ $2,483,000$$ $2,559,000$Liabilities and Stockholders' Equity Accounts payable$ $376,000$$ $343,000$Long$-$term debt$959,000959,000$Stockholders' equity$1,148,0001,257,000$Total liabilities and stockholders' equity$ $2,483,000$$ $2,559,000$

Joel $de$ Paris, Incorporated

Income StatementSales $ $3,906,000$Operating expenses $3,281,040$Net operating income $624,960$Interest and taxes: Interest expense$ $115,000$ Tax expense$199,000314,000$Net income $ $310,960$

The company paid dividends $of$ $$201,960$ last year. The $Investmentin$ Buisson, $S.A.,on$ the balance sheet represents $an$ investment $in$ the stock $of$ another company. The company's minimum required rate $of$ return $15\%.$

Required:

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

Compute the company$s$ margin, turnover, and return $on$ investment $(ROI)$ for last year.

Note: Round "Margin", "Turnover" and "ROI" $to2$ decimal places.

What was the company$s$ residual income last year?