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

Joel de Paris, Inc. Balance Sheet
	Beginning Balance			Ending Balance
Assets
Cash	$	134,000		$	135,000
Accounts receivable		350,000			474,000
Inventory		580,000			485,000
Plant and equipment, net		786,000			796,000
Investment in Buisson, S.A.		397,000			435,000
Land (undeveloped)		248,000			248,000
Total assets	$	2,495,000		$	2,573,000
Liabilities and Stockholders' Equity
Accounts payable	$	373,000		$	346,000
Long-term debt		966,000			966,000
Stockholders' equity		1,156,000			1,261,000
Total liabilities and stockholders' equity	$	2,495,000		$	2,573,000

Joel de Paris, Inc. Income Statement
Sales					$	3,740,000
Operating expenses						3,291,200
Net operating income						448,800
Interest and taxes:
Interest expense	$	114,000
Tax expense		203,000				317,000
Net income					$	131,800

The company paid dividends of $26,800 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.)

3. What was the companys residual income last year?