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

Joel de Paris, Inc. Balance Sheet
	Beginning Balance			Ending Balance
Assets
Cash	$	127,000		$	130,000
Accounts receivable		334,000			477,000
Inventory		576,000			473,000
Plant and equipment, net		883,000			880,000
Investment in Buisson, S.A.		403,000			432,000
Land (undeveloped)		255,000			246,000
Total assets	$	2,578,000		$	2,638,000
Liabilities and Stockholders' Equity
Accounts payable	$	379,000		$	342,000
Long-term debt		1,026,000			1,026,000
Stockholders' equity		1,173,000			1,270,000
Total liabilities and stockholders' equity	$	2,578,000		$	2,638,000

Joel de Paris, Inc. Income Statement
Sales					$	5,238,000
Operating expenses						4,557,060
Net operating income						680,940
Interest and taxes:
Interest expense	$	116,000
Tax expense		206,000				322,000
Net income					$	358,940

The company paid dividends of $261,940 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