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

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 125,000	$ 127,000
Accounts receivable	338,000	471,000
Inventory	564,000	474,000
Plant and equipment, net	873,000	868,000
Investment in Buisson, S.A.	391,000	430,000
Land (undeveloped)	249,000	250,000
Total assets	$ 2,540,000	$ 2,620,000
Liabilities and Stockholders' Equity
Accounts payable	$ 388,000	$ 338,000
Long-term debt	1,005,000	1,005,000
Stockholders' equity	1,147,000	1,277,000
Total liabilities and stockholders' equity	$ 2,540,000	$ 2,620,000

Joel de Paris, Incorporated Income Statement
Sales		$ 4,992,000
Operating expenses		4,243,200
Net operating income		748,800
Interest and taxes:
Interest expense	$ 130,000
Tax expense	195,000	325,000
Net income		$ 423,800

The company paid dividends of $293,800 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?

decimal places.) 3. What was the company's residual income last year? 1. Average operating assets 2. Margin % 2. Turnover 2. ROI % 3. Residual income