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

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 132,000	$ 132,000
Accounts receivable	336,000	475,000
Inventory	572,000	471,000
Plant and equipment, net	850,000	852,000
Investment in Buisson, S.A.	395,000	432,000
Land (undeveloped)	248,000	247,000
Total assets	$ 2,533,000	$ 2,609,000
Liabilities and Stockholders' Equity
Accounts payable	$ 376,000	$ 334,000
Long-term debt	1,005,000	1,005,000
Stockholders' equity	1,152,000	1,270,000
Total liabilities and stockholders' equity	$ 2,533,000	$ 2,609,000

Joel de Paris, Incorporated Income Statement
Sales		$ 4,202,000
Operating expenses		3,571,700
Net operating income		630,300
Interest and taxes:
Interest expense	$ 121,000
Tax expense	209,000	330,000
Net income		$ 300,300

The company paid dividends of $182,300 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.

   Note: 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year? 1. Average operating assets 2. Margin % 2. Turnover 2. ROI % 3. Residual income