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		$	130,000
Accounts receivable		334,000			475,000
Inventory		567,000			471,000
Plant and equipment, net		841,000			834,000
Investment in Buisson, S.A.		401,000			431,000
Land (undeveloped)		251,000			253,000
Total assets	$	2,522,000		$	2,594,000
Liabilities and Stockholders' Equity
Accounts payable	$	379,000		$	346,000
Long-term debt		1,015,000			1,015,000
Stockholders' equity		1,128,000			1,233,000
Total liabilities and stockholders' equity	$	2,522,000		$	2,594,000

Joel de Paris, Inc. Income Statement
Sales					$	4,158,000
Operating expenses						3,409,560
Net operating income						748,440
Interest and taxes:
Interest expense	$	117,000
Tax expense		195,000				312,000
Net income					$	436,440

The company paid dividends of $331,440 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

The company paid dividends of $331,440 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?