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

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 135,000	$ 128,000
Accounts receivable	330,000	487,000
Inventory	569,000	477,000
Plant and equipment, net	886,000	868,000
Investment in Buisson, S.A.	401,000	430,000
Land (undeveloped)	252,000	253,000
Total assets	$ 2,573,000	$ 2,643,000
Liabilities and Stockholders' Equity
Accounts payable	$ 389,000	$ 348,000
Long-term debt	973,000	973,000
Stockholders' equity	1,211,000	1,322,000
Total liabilities and stockholders' equity	$ 2,573,000	$ 2,643,000

Joel de Paris, Incorporated Income Statement
Sales		$ 5,238,000
Operating expenses		4,399,920
Net operating income		838,080
Interest and taxes:
Interest expense	$ 128,000
Tax expense	207,000	335,000
Net income		$ 503,080

The company paid dividends of $392,080 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. ROI & & % \\ \hline 3. Residual income & & \\ \hline \end{tabular}