The company paid dividends of $389,840 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?

Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 134,000 331,000 564,000 821,000 407,000 246,000 $ 2,503,000 $ 136,000 477,000 477,000 800,000 426,000 246,000 $ 2,562,000 $ 372,000 999,000 1,132,000 $ 2,503,000 $ 345,000 999,000 1,218,000 $ 2,562,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 122,000 Tax expense 210,000 Net income $ 4,488,000 3,680,160 807,840 332,000 475,840 $ 1. 2. Average operating assets Margin Turnover % ROI % 3. Residual income