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

$

137,000

Accounts receivable

335,000

481,000

Inventory

562,000

479,000

Plant and equipment, net

825,000

793,000

Investment in Buisson, S.A.

393,000

431,000

Land (undeveloped)

246,000

254,000

Total assets

$

2,489,000

$

2,575,000

Liabilities and Stockholders' Equity

Accounts payable

$

379,000

$

347,000

Long-term debt

958,000

958,000

Stockholders' equity

1,152,000

1,270,000

Total liabilities and stockholders' equity

$

2,489,000

$

2,575,000

Joel de Paris, Inc.

Income Statement

Sales

$

4,301,000

Operating expenses

3,612,840

Net operating income

688,160

Interest and taxes:

Interest expense

$

120,000

Tax expense

203,000

323,000

Net income

$

365,160

The company paid dividends of $247,160 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 company's margin, turnover, and return on investment (ROI) for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.)

3. What was the company's residual income last year?

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