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

Joel de Paris, Inc.

Balance Sheet

Beginning

Balance Ending

Balance

Assets

Cash $ $132,000$ $ $139,000$

Accounts receivable $343,000479,000$

Inventory $577,000485,000$

Plant and equipment, net $788,000777,000$

Investment in Buisson, S$.$A$.405,000432,000$

Land $($undeveloped$)246,000251,000$

Total assets $ $2,491,000$ $ $2,563,000$

Liabilities and Stockholders' Equity

Accounts payable $ $389,000$ $ $331,000$

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

Stockholders' equity $1,102,0001,232,000$

Total liabilities and stockholders' equity $ $2,491,000$ $ $2,563,000$

Joel de Paris, Inc.

Income Statement

Sales $ $5,022,000$

Operating expenses $4,419,360$

Net operating income $602,640$

Interest and taxes:

Interest expense $ $130,000$

Tax expense $191,000321,000$

Net income $ $281,640$

The company paid dividends of $$151,640$ last year. The $$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?