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		$	134,000
Accounts receivable		330,000			490,000
Inventory		580,000			471,000
Plant and equipment, net		854,000			835,000
Investment in Buisson, S.A.		399,000			427,000
Land (undeveloped)		255,000			248,000
Total assets	$	2,544,000		$	2,605,000
Liabilities and Stockholders' Equity
Accounts payable	$	376,000		$	334,000
Long-term debt		952,000			952,000
Stockholders' equity		1,216,000			1,319,000
Total liabilities and stockholders' equity	$	2,544,000		$	2,605,000

Joel de Paris, Inc. Income Statement
Sales					$	4,584,000
Operating expenses						4,033,920
Net operating income						550,080
Interest and taxes:
Interest expense	$	119,000
Tax expense		199,000				318,000
Net income					$	232,080

The company paid dividends of $129,080 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