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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$130,000 $127,000

Accounts receivable 343,000 485,000

Inventory 579,000 478,000

Plant and equipment, net 788,000 790,000

Investment in Buisson, S.A. 401,000 426,000

Land (undeveloped) 246,000 255,000

Total assets$2,487,000 $2,561,000

Liabilities and Stockholders' Equity

Accounts payable$381,000 $332,000

Long-term debt 969,000 969,000

Stockholders' equity 1,137,000 1,260,000

Total liabilities and stockholders' equity$2,487,000 $2,561,000

Joel de Paris, Inc. Income Statement

Sales $5,022,000

Operating expenses 4,318,920

Net operating income 703,080

Interest and taxes:

Interest expense$113,000

Tax expense 210,000 323,000

Net income $380,080

The company paid dividends of $257,080 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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