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

Joel de Paris, Inc. Balance Sheet
	Beginning Balance			Ending Balance
Assets
Cash	$	128,000		$	135,000
Accounts receivable		333,000			480,000
Inventory		566,000			473,000
Plant and equipment, net		833,000			812,000
Investment in Buisson, S.A.		405,000			433,000
Land (undeveloped)		250,000			253,000
Total assets	$	2,515,000		$	2,586,000
Liabilities and Stockholders' Equity
Accounts payable	$	382,000		$	336,000
Long-term debt		965,000			965,000
Stockholders' equity		1,168,000			1,285,000
Total liabilities and stockholders' equity	$	2,515,000		$	2,586,000

Joel de Paris, Inc. Income Statement
Sales					$	4,888,000
Operating expenses						4,154,800
Net operating income						733,200
Interest and taxes:
Interest expense	$	122,000
Tax expense		208,000				330,000
Net income					$	403,200

The company paid dividends of $286,200 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?

1. 2. % Average operating assets Margin Turnover ROI Residual income % 3