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

Balance Sheet

Beginning Balance Ending Balance

Assets

Cash $ 137,000 $ 126,000

Accounts receivable 332,000 483,000

Inventory 563,000 484,000

Plant and equipment, net 828,000 807,000

Investment in Buisson, S.A. 404,000 433,000

Land (undeveloped) 247,000 251,000

Total assets $ 2,511,000 $ 2,584,000

Liabilities and Stockholders' Equity

Accounts payable $ 377,000 $ 343,000

Long-term debt 992,000 992,000

Stockholders' equity 1,142,000 1,249,000

Total liabilities and stockholders' equity $ 2,511,000 $ 2,584,000

Joel de Paris, Inc. Income Statement

Sales $ 5,264,000 Operating expenses 4,579,680 Net operating income 684,320 Interest and taxes: Interest expense $ 122,000 Tax expense 207,000 329,000 Net income $ 355,320 The company paid dividends of $248,320 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?