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		346,000			473,000
Inventory		561,000			477,000
Plant and equipment, net		875,000			863,000
Investment in Buisson, S.A.		394,000			426,000
Land (undeveloped)		253,000			254,000
Total assets	$	2,557,000		$	2,630,000
Liabilities and Stockholders' Equity
Accounts payable	$	379,000		$	337,000
Long-term debt		1,044,000			1,044,000
Stockholders' equity		1,134,000			1,249,000
Total liabilities and stockholders' equity	$	2,557,000		$	2,630,000

Joel de Paris, Inc. Income Statement
Sales					$	4,053,000
Operating expenses						3,566,640
Net operating income						486,360
Interest and taxes:
Interest expense	$	115,000
Tax expense		206,000				321,000
Net income					$	165,360

The company paid dividends of $50,360 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?

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? 1. Average operating assets Margin 2. % Turnover ROI % 3. Residual income