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

The company paid dividends of $314,560 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?

Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets $ 139,000 342,000 568,000 871,000 397,000 251,000 Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) $ 134,000 480,000 475,000 871,000 432,000 246,000 $ 2,638,000 $2,568,000 Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity $ $ 348,000 972,000 1,318,000 373,000 972,000 1,223,000 $ 2,568,000 $ 2,638,000 Total liabilities and stockholders' equity Joel de Paris, Inc. Income Statement $4,268,000 3,542,440 725,560 Sales Operating expenses Net operating income Interest and taxes: $ 112,000 204,000 Interest expense xpense 316,000 $ 409,560 Net income Average operating assets 1 2. Margin Turnover ROI Residual income 3