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

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 129,000	$ 139,000
Accounts receivable	347,000	489,000
Inventory	576,000	479,000
Plant and equipment, net	838,000	823,000
Investment in Buisson, S.A.	400,000	426,000
Land (undeveloped)	252,000	252,000
Total assets	$ 2,542,000	$ 2,608,000
Liabilities and Stockholders' Equity
Accounts payable	$ 390,000	$ 338,000
Long-term debt	1,039,000	1,039,000
Stockholders' equity	1,113,000	1,231,000
Total liabilities and stockholders' equity	$ 2,542,000	$ 2,608,000

Joel de Paris, Incorporated Income Statement
Sales		$ 4,202,000
Operating expenses		3,613,720
Net operating income		588,280
Interest and taxes:
Interest expense	$ 128,000
Tax expense	192,000	320,000
Net income		$ 268,280

The company paid dividends of $150,280 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?

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

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 129,000	$ 139,000
Accounts receivable	347,000	489,000
Inventory	576,000	479,000
Plant and equipment, net	838,000	823,000
Investment in Buisson, S.A.	400,000	426,000
Land (undeveloped)	252,000	252,000
Total assets	$ 2,542,000	$ 2,608,000
Liabilities and Stockholders' Equity
Accounts payable	$ 390,000	$ 338,000
Long-term debt	1,039,000	1,039,000
Stockholders' equity	1,113,000	1,231,000
Total liabilities and stockholders' equity	$ 2,542,000	$ 2,608,000

Joel de Paris, Incorporated Income Statement
Sales		$ 4,202,000
Operating expenses		3,613,720
Net operating income		588,280
Interest and taxes:
Interest expense	$ 128,000
Tax expense	192,000	320,000
Net income		$ 268,280

The company paid dividends of $150,280 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?

Average operating assets
margin		%
turnover
ROI		%
Residual income