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

Joel de Paris, Inc.

Balance Sheet

Beginning

Balance Ending

Balance

Assets

Cash $ $137,000$ $ $132,000$

Accounts receivable $341,000472,000$

Inventory $568,000485,000$

Plant and equipment, net $834,000831,000$

Investment in Buisson, S$.$A$.408,000431,000$

Land $($undeveloped$)251,000246,000$

Total assets $ $2,539,000$ $ $2,597,000$

Liabilities and Stockholders' Equity

Accounts payable $ $376,000$ $ $337,000$

Long$-$term debt $1,027,0001,027,000$

Stockholders' equity $1,136,0001,233,000$

Total liabilities and stockholders' equity $ $2,539,000$ $ $2,597,000$

Joel de Paris, Inc.

Income Statement

Sales $ $4,560,000$

Operating expenses $3,876,000$

Net operating income $684,000$

Interest and taxes:

Interest expense $ $114,000$

Tax expense $199,000313,000$

Net income $ $371,000$

The company paid dividends of $$274,000$ last year. The $$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 company$$s margin, turnover, and return on investment $($ROI$)$ for last year. $($Round "Margin", "Turnover" and "ROI" to $2$ decimal places.$)$

$3.$ What was the company$$s residual income last year?