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		$	136,000
Accounts receivable		349,000			484,000
Inventory		569,000			490,000
Plant and equipment, net		835,000			810,000
Investment in Buisson, S.A.		394,000			433,000
Land (undeveloped)		251,000			249,000
Total assets	$	2,525,000		$	2,602,000
Liabilities and Stockholders' Equity
Accounts payable	$	387,000		$	346,000
Long-term debt		952,000			952,000
Stockholders' equity		1,186,000			1,304,000
Total liabilities and stockholders' equity	$	2,525,000		$	2,602,000

Joel de Paris, Inc. Income Statement
Sales					$	4,370,000
Operating expenses						3,627,100
Net operating income						742,900
Interest and taxes:
Interest expense	$	117,000
Tax expense		202,000				319,000
Net income					$	423,900

The company paid dividends of $305,900 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?

Average operating assets 2. Margin Turnover ROI Residual income 3