Financial data for Joel de Paris, Inc., for last year follow:

Joel de Paris, Inc. Balance Sheet
	Beginning Balance			Ending Balance
Assets
Cash	$	130,000		$	131,000
Accounts receivable		333,000			485,000
Inventory		560,000			484,000
Plant and equipment, net		807,000			770,000
Investment in Buisson, S.A.		410,000			433,000
Land (undeveloped)		255,000			252,000
Total assets	$	2,495,000		$	2,555,000
Liabilities and Stockholders' Equity
Accounts payable	$	389,000		$	334,000
Long-term debt		991,000			991,000
Stockholders' equity		1,115,000			1,230,000
Total liabilities and stockholders' equity	$	2,495,000		$	2,555,000

Joel de Paris, Inc. Income Statement
Sales					$	4,440,000
Operating expenses						3,729,600
Net operating income						710,400
Interest and taxes:
Interest expense	$	121,000
Tax expense		207,000				328,000
Net income					$	382,400

The company paid dividends of $267,400 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:

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. (Do not round intermediate calculations and round your final answers to 2 decimal places.)

3. What was the companys residual income last year?

\begin{tabular}{|l|l|l|l|} \hline 1. & Average operating assets & & \\ \hline 2. & Margin & & \\ \hline & Turnover & & % \\ \hline & ROl & & % \\ \hline 3. & Residual income & \\ \hline \end{tabular}