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

Joel de Paris, Inc. Balance Sheet
	Beginning Balance			Ending Balance
Assets
Cash	$	139,000		$	133,000
Accounts receivable		330,000			489,000
Inventory		569,000			488,000
Plant and equipment, net		882,000			850,000
Investment in Buisson, S.A.		396,000			425,000
Land (undeveloped)		251,000			251,000
Total assets	$	2,567,000		$	2,636,000
Liabilities and Stockholders' Equity
Accounts payable	$	384,000		$	336,000
Long-term debt		978,000			978,000
Stockholders' equity		1,205,000			1,322,000
Total liabilities and stockholders' equity	$	2,567,000		$	2,636,000

Joel de Paris, Inc. Income Statement
Sales					$	4,850,000
Operating expenses						4,025,500
Net operating income						824,500
Interest and taxes:
Interest expense	$	116,000
Tax expense		206,000				322,000
Net income					$	502,500

The company paid dividends of $385,500 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.	Average Operating assets
2.	Margin		%
	Turnover
	ROI		%
3.	Residual Income