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

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 131,000	$ 126,000
Accounts receivable	345,000	476,000
Inventory	580,000	480,000
Plant and equipment, net	854,000	868,000
Investment in Buisson, S.A.	405,000	432,000
Land (undeveloped)	247,000	250,000
Total assets	$ 2,562,000	$ 2,632,000
Liabilities and Stockholders' Equity
Accounts payable	$ 380,000	$ 345,000
Long-term debt	1,004,000	1,004,000
Stockholders' equity	1,178,000	1,283,000
Total liabilities and stockholders' equity	$ 2,562,000	$ 2,632,000

Joel de Paris, Incorporated Income Statement
Sales		$ 4,053,000
Operating expenses		3,526,110
Net operating income		526,890
Interest and taxes:
Interest expense	$ 114,000
Tax expense	191,000	305,000
Net income		$ 221,890

The company paid dividends of $116,890 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. (Rol decimal places.) 3. What was the company's residual income last year