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		$	132,000
Accounts receivable		333,000			474,000
Inventory		562,000			481,000
Plant and equipment, net		846,000			833,000
Investment in Buisson, S.A.		397,000			435,000
Land (undeveloped)		254,000			249,000
Total assets	$	2,531,000		$	2,604,000
Liabilities and Stockholders' Equity
Accounts payable	$	378,000		$	331,000
Long-term debt		994,000			994,000
Stockholders' equity		1,159,000			1,279,000
Total liabilities and stockholders' equity	$	2,531,000		$	2,604,000

Joel de Paris, Inc. Income Statement
Sales					$	3,990,000
Operating expenses						3,351,600
Net operating income						638,400
Interest and taxes:
Interest expense	$	120,000
Tax expense		208,000				328,000
Net income					$	310,400

The company paid dividends of $190,400 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