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

Joel de Paris, Inc. Balance Sheet
	Beginning Balance			Ending Balance
Assets
Cash	$	129,000		$	134,000
Accounts receivable		341,000			477,000
Inventory		579,000			471,000
Plant and equipment, net		821,000			828,000
Investment in Buisson, S.A.		401,000			434,000
Land (undeveloped)		246,000			255,000
Total assets	$	2,517,000		$	2,599,000
Liabilities and Stockholders' Equity
Accounts payable	$	382,000		$	343,000
Long-term debt		979,000			979,000
Stockholders' equity		1,156,000			1,277,000
Total liabilities and stockholders' equity	$	2,517,000		$	2,599,000

Joel de Paris, Inc. Income Statement
Sales					$	4,536,000
Operating expenses						3,900,960
Net operating income						635,040
Interest and taxes:
Interest expense	$	117,000
Tax expense		192,000				309,000
Net income					$	326,040

The company paid dividends of $205,040 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}