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

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 136,000	$ 140,000
Accounts receivable	337,000	474,000
Inventory	563,000	490,000
Plant and equipment, net	794,000	766,000
Investment in Buisson, S.A.	404,000	428,000
Land (undeveloped)	246,000	255,000
Total assets	$ 2,480,000	$ 2,553,000
Liabilities and Stockholders' Equity
Accounts payable	$ 379,000	$ 338,000
Long-term debt	1,002,000	1,002,000
Stockholders' equity	1,099,000	1,213,000
Total liabilities and stockholders' equity	$ 2,480,000	$ 2,553,000

Joel de Paris, Incorporated Income Statement
Sales		$ 4,070,000
Operating expenses		3,540,900
Net operating income		529,100
Interest and taxes:
Interest expense	$ 130,000
Tax expense	203,000	333,000
Net income		$ 196,100

The company paid dividends of $82,100 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