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

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 128,000	$ 129,000
Accounts receivable	338,000	488,000
Inventory	573,000	474,000
Plant and equipment, net	841,000	829,000
Investment in Buisson, S.A.	395,000	431,000
Land (undeveloped)	247,000	247,000
Total assets	$ 2,522,000	$ 2,598,000
Liabilities and Stockholders' Equity
Accounts payable	$ 386,000	$ 342,000
Long-term debt	1,027,000	1,027,000
Stockholders' equity	1,109,000	1,229,000
Total liabilities and stockholders' equity	$ 2,522,000	$ 2,598,000

Joel de Paris, Incorporated Income Statement
Sales		$ 4,560,000
Operating expenses		3,784,800
Net operating income		775,200
Interest and taxes:
Interest expense	$ 126,000
Tax expense	194,000	320,000
Net income		$ 455,200

The company paid dividends of $335,200 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		%
2)Turnover
2)ROI		%
3)Residual income