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

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 130,000	$ 129,000
Accounts receivable	347,000	487,000
Inventory	575,000	481,000
Plant and equipment, net	778,000	773,000
Investment in Buisson, S.A.	396,000	429,000
Land (undeveloped)	255,000	249,000
Total assets	$ 2,481,000	$ 2,548,000
Liabilities and Stockholders' Equity
Accounts payable	$ 385,000	$ 342,000
Long-term debt	961,000	961,000
Stockholders' equity	1,135,000	1,245,000
Total liabilities and stockholders' equity	$ 2,481,000	$ 2,548,000

Joel de Paris, Incorporated Income Statement
Sales		$ 4,440,000
Operating expenses		3,640,800
Net operating income		799,200
Interest and taxes:
Interest expense	$ 127,000
Tax expense	194,000	321,000
Net income		$ 478,200

The company paid dividends of $368,200 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.)

3. What was the companys residual income last year?

1.Average operating assets
2. Margin		%
2. Turnover
2. ROI		%
3. Residual Income

Answer all