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

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 136,000	$ 140,000
Accounts receivable	332,000	488,000
Inventory	580,000	482,000
Plant and equipment, net	882,000	860,000
Investment in Buisson, S.A.	400,000	435,000
Land (undeveloped)	252,000	248,000
Total assets	$ 2,582,000	$ 2,653,000
Liabilities and Stockholders' Equity
Accounts payable	$ 385,000	$ 349,000
Long-term debt	990,000	990,000
Stockholders' equity	1,207,000	1,314,000
Total liabilities and stockholders' equity	$ 2,582,000	$ 2,653,000

Joel de Paris, Incorporated Income Statement
Sales		$ 4,485,000
Operating expenses		3,722,550
Net operating income		762,450
Interest and taxes:
Interest expense	$ 111,000
Tax expense	198,000	309,000
Net income		$ 453,450

The company paid dividends of $346,450 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?

\begin{tabular}{|l|l|l|} \hline 1. Average operating assets & & \\ \hline 2. Margin & & % \\ \hline 2. Turnover & & % \\ \hline 2. ROI & & \\ \hline 3. Residual income & \\ \hline \end{tabular}