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

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 139,000	$ 139,000
Accounts receivable	331,000	471,000
Inventory	577,000	475,000
Plant and equipment, net	803,000	805,000
Investment in Buisson, S.A.	401,000	432,000
Land (undeveloped)	250,000	253,000
Total assets	$ 2,501,000	$ 2,575,000
Liabilities and Stockholders' Equity
Accounts payable	$ 383,000	$ 331,000
Long-term debt	1,008,000	1,008,000
Stockholders' equity	1,110,000	1,236,000
Total liabilities and stockholders' equity	$ 2,501,000	$ 2,575,000

Joel de Paris, Incorporated Income Statement
Sales		$ 4,301,000
Operating expenses		3,698,860
Net operating income		602,140
Interest and taxes:
Interest expense	$ 119,000
Tax expense	198,000	317,000
Net income		$ 285,140

The company paid dividends of $159,140 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 15%.

Required:

Compute the company's average operating assets for last year.

Compute the companys margin, turnover, and return on investment (ROI) for last year.

1. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places.

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. ROI & & % \\ \hline 3. Residual income & & \\ \hline \end{tabular}