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

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

Joel de Paris, Incorporated

Balance Sheet

Beginning Balance Ending Balance

Assets

Cash $ $125,000$ $ $134,000$

Accounts receivable $349,000477,000$

Inventory $570,000475,000$

Plant and equipment, net $786,000784,000$

Investment in Buisson, S$.$A$.408,000433,000$

Land $($undeveloped$)245,000250,000$

Total assets $ $2,483,000$ $ $2,553,000$

Liabilities and Stockholders' Equity

Accounts payable $ $371,000$ $ $332,000$

Long$-$term debt $1,009,0001,009,000$

Stockholders' equity $1,103,0001,212,000$

Total liabilities and stockholders' equity $ $2,483,000$ $ $2,553,000$

Joel de Paris, Incorporated

Income Statement

Sales $ $4,995,000$

Operating expenses $4,095,900$

Net operating income $899,100$

Interest and taxes:

Interest expense $ $129,000$

Tax expense $208,000337,000$

Net income $ $562,100$

The company paid dividends of $$453,100$ last year. The $$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 $15\%.$

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" to $2$ decimal places.

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