Financial data for Joel de Paris, Incorporated, for last year follow:

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 125,000	$ 138,000
Accounts receivable	334,000	489,000
Inventory	567,000	472,000
Plant and equipment, net	864,000	831,000
Investment in Buisson, S.A.	408,000	433,000
Land (undeveloped)	245,000	249,000
Total assets	$ 2,543,000	$ 2,612,000
Liabilities and Stockholders' Equity
Accounts payable	$ 384,000	$ 341,000
Long-term debt	964,000	964,000
Stockholders' equity	1,195,000	1,307,000
Total liabilities and stockholders' equity	$ 2,543,000	$ 2,612,000

Joel de Paris, Incorporated Income Statement
Sales		$ 4,393,000
Operating expenses		3,865,840
Net operating income		527,160
Interest and taxes:
Interest expense	$ 122,000
Tax expense	199,000	321,000
Net income		$ 206,160

The company paid dividends of $94,160 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?

\begin{tabular}{|l|l|l|} \hline 1. Average operating assets & & \\ \hline 2. Margin & & % \\ \hline 2. Turnover & & \\ \hline 2. ROl & & % \\ \hline 3. Residual income & \\ \hline \end{tabular}