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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	$	126,000		$	138,000
Accounts receivable		347,000			485,000
Inventory		564,000			483,000
Plant and equipment, net		873,000			844,000
Investment in Buisson, S.A.		404,000			433,000
Land (undeveloped)		252,000			254,000
Total assets	$	2,566,000		$	2,637,000
Liabilities and Stockholders' Equity
Accounts payable	$	376,000		$	338,000
Long-term debt		972,000			972,000
Stockholders' equity		1,218,000			1,327,000
Total liabilities and stockholders' equity	$	2,566,000		$	2,637,000

Joel de Paris, Inc. Income Statement
Sales					$	5,404,000
Operating expenses						4,431,280
Net operating income						972,720
Interest and taxes:
Interest expense	$	117,000
Tax expense		197,000				314,000
Net income					$	658,720

The company paid dividends of $549,720 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.)

3. What was the companys residual income last year?

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