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

Joel de Paris, Inc. Balance Sheet
	Beginning Balance			Ending Balance
Assets
Cash	$	126,000		$	128,000
Accounts receivable		331,000			478,000
Inventory		564,000			470,000
Plant and equipment, net		819,000			804,000
Investment in Buisson, S.A.		397,000			431,000
Land (undeveloped)		247,000			246,000
Total assets	$	2,484,000		$	2,557,000
Liabilities and Stockholders' Equity
Accounts payable	$	380,000		$	350,000
Long-term debt		967,000			967,000
Stockholders' equity		1,137,000			1,240,000
Total liabilities and stockholders' equity	$	2,484,000		$	2,557,000

Joel de Paris, Inc. Income Statement
Sales					$	4,278,000
Operating expenses						3,679,080
Net operating income						598,920
Interest and taxes:
Interest expense	$	117,000
Tax expense		190,000				307,000
Net income					$	291,920

The company paid dividends of $188,920 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.)

3. What was the companys residual income last year?