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

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 137,000	$ 135,000
Accounts receivable	335,000	486,000
Inventory	569,000	484,000
Plant and equipment, net	849,000	825,000
Investment in Buisson, S.A.	397,000	432,000
Land (undeveloped)	254,000	252,000
Total assets	$ 2,541,000	$ 2,614,000
Liabilities and Stockholders' Equity
Accounts payable	$ 387,000	$ 340,000
Long-term debt	1,042,000	1,042,000
Stockholders' equity	1,112,000	1,232,000
Total liabilities and stockholders' equity	$ 2,541,000	$ 2,614,000

Joel de Paris, Incorporated Income Statement
Sales		$ 4,393,000
Operating expenses		3,777,980
Net operating income		615,020
Interest and taxes:
Interest expense	$ 125,000
Tax expense	202,000	327,000
Net income		$ 288,020

The company paid dividends of $168,020 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?

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