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

The company paid dividends of $222,480 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 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places.

3. What was the companys residual income last year?

\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{JoeldeParis,IncorporatedIncomeStatement} \\ \hline Sales & & $4,053,000 \\ \hline Operating expenses & & 3,404,520 \\ \hline Net operating income & & 648,480 \\ \hline \multicolumn{3}{|l|}{ Interest and taxes: } \\ \hline Interest expense & $123,000 & \\ \hline Tax expense & 194,000 & 317,000 \\ \hline Net income & & $331,480 \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline 1. Average operating assets & \\ \hline 2. Margin & % \\ \hline 2. Turnover & \\ \hline 2. ROI & % \\ \hline 3. Residual income & \\ \hline \end{tabular}