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

Joel de Paris, Inc. Balance Sheet
	Beginning Balance			Ending Balance
Assets
Cash	$	136,000		$	139,000
Accounts receivable		347,000			471,000
Inventory		563,000			481,000
Plant and equipment, net		874,000			869,000
Investment in Buisson, S.A.		398,000			428,000
Land (undeveloped)		249,000			247,000
Total assets	$	2,567,000		$	2,635,000
Liabilities and Stockholders' Equity
Accounts payable	$	390,000		$	341,000
Long-term debt		1,004,000			1,004,000
Stockholders' equity		1,173,000			1,290,000
Total liabilities and stockholders' equity	$	2,567,000		$	2,635,000

Joel de Paris, Inc. Income Statement
Sales					$	5,238,000
Operating expenses						4,557,060
Net operating income						680,940
Interest and taxes:
Interest expense	$	128,000
Tax expense		201,000				329,000
Net income					$	351,940

The company paid dividends of $234,940 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. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.)

3. What was the companys residual income last year?

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