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Financial data for Joel de Paris, Inc., for last year follow:

Joel de Paris, Inc. Balance Sheet
	Beginning Balance			Ending Balance
Assets
Cash	$	132,000		$	138,000
Accounts receivable		333,000			472,000
Inventory		579,000			477,000
Plant and equipment, net		846,000			843,000
Investment in Buisson, S.A.		394,000			433,000
Land (undeveloped)		246,000			246,000
Total assets	$	2,530,000		$	2,609,000
Liabilities and Stockholders' Equity
Accounts payable	$	387,000		$	337,000
Long-term debt		1,019,000			1,019,000
Stockholders' equity		1,124,000			1,253,000
Total liabilities and stockholders' equity	$	2,530,000		$	2,609,000

Joel de Paris, Inc. Income Statement
Sales					$	5,348,000
Operating expenses						4,385,360
Net operating income						962,640
Interest and taxes:
Interest expense	$	120,000
Tax expense		207,000				327,000
Net income					$	635,640

The company paid dividends of $506,640 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?

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