Joel de Paris, Inc. Balance Sheet
	Beginning Balance			Ending Balance
Assets
Cash	$	133,000		$	139,000
Accounts receivable		331,000			489,000
Inventory		561,000			486,000
Plant and equipment, net		865,000			816,000
Investment in Buisson, S.A.		405,000			429,000
Land (undeveloped)		255,000			249,000
Total assets	$	2,550,000		$	2,608,000
Liabilities and Stockholders' Equity
Accounts payable	$	375,000		$	337,000
Long-term debt		970,000			970,000
Stockholders' equity		1,205,000			1,301,000
Total liabilities and stockholders' equity	$	2,550,000		$	2,608,000

Joel de Paris, Inc. Income Statement
Sales					$	4,011,000
Operating expenses						3,529,680
Net operating income						481,320
Interest and taxes:
Interest expense	$	111,000
Tax expense		209,000				320,000
Net income					$	161,320

The company paid dividends of $65,320 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?

1. Average operating assets 2. Margin Turnover ROI 3 Residual income