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

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 127,000	$ 131,000
Accounts receivable	334,000	473,000
Inventory	574,000	484,000
Plant and equipment, net	885,000	872,000
Investment in Buisson, S.A.	403,000	426,000
Land (undeveloped)	249,000	245,000
Total assets	$ 2,572,000	$ 2,631,000
Liabilities and Stockholders' Equity
Accounts payable	$ 382,000	$ 346,000
Long-term debt	1,014,000	1,014,000
Stockholders' equity	1,176,000	1,271,000
Total liabilities and stockholders' equity	$ 2,572,000	$ 2,631,000

Joel de Paris, Incorporated Income Statement
Sales		$ 5,044,000
Operating expenses		4,136,080
Net operating income		907,920
Interest and taxes:
Interest expense	$ 119,000
Tax expense	195,000	314,000
Net income		$ 593,920

The company paid dividends of $498,920 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?

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