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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	$	136,000		$	136,000
Accounts receivable		345,000			489,000
Inventory		570,000			471,000
Plant and equipment, net		849,000			844,000
Investment in Buisson, S.A.		392,000			428,000
Land (undeveloped)		254,000			252,000
Total assets	$	2,546,000		$	2,620,000
Liabilities and Stockholders' Equity
Accounts payable	$	383,000		$	344,000
Long-term debt		995,000			995,000
Stockholders' equity		1,168,000			1,281,000
Total liabilities and stockholders' equity	$	2,546,000		$	2,620,000

Joel de Paris, Inc. Income Statement
Sales					$	4,992,000
Operating expenses						4,343,040
Net operating income						648,960
Interest and taxes:
Interest expense	$	111,000
Tax expense		193,000				304,000
Net income					$	344,960

The company paid dividends of $231,960 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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