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 $ 133,000 Accounts receivable 345,000 481,000 Inventory 574,000 486,000 Plant and equipment, net 829,000 820,000 Investment in Buisson, S.A. 393,000 429,000 Land (undeveloped) 247,000 254,000 Total assets $ 2,520,000 $ 2,603,000 Liabilities and Stockholders' Equity Accounts payable $ 387,000 $ 341,000 Long-term debt 977,000 977,000 Stockholders' equity 1,156,000 1,285,000 Total liabilities and stockholders' equity $ 2,520,000 $ 2,603,000

Joel de Paris, Incorporated Income Statement Sales $ 5,320,000 Operating expenses 4,415,600 Net operating income 904,400 Interest and taxes: Interest expense $ 116,000 Tax expense 196,000 312,000 Net income $ 592,400

The company paid dividends of $463,400 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?