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	$ 135,000
Accounts receivable	345,000	481,000
Inventory	574,000	489,000
Plant and equipment, net	832,000	825,000
Investment in Buisson, S.A.	409,000	434,000
Land (undeveloped)	247,000	247,000
Total assets	$ 2,546,000	$ 2,611,000
Liabilities and Stockholders' Equity
Accounts payable	$ 379,000	$ 341,000
Long-term debt	1,005,000	1,005,000
Stockholders' equity	1,162,000	1,265,000
Total liabilities and stockholders' equity	$ 2,546,000	$ 2,611,000

Joel de Paris, Incorporated Income Statement
Sales		$ 5,157,000
Operating expenses		4,280,310
Net operating income		876,690
Interest and taxes:
Interest expense	$ 122,000
Tax expense	198,000	320,000
Net income		$ 556,690

The company paid dividends of $453,690 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 company's margin, turnover, and return on investment (ROI) for last year.(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