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

Joel de Paris, Inc.

Balance Sheet

Beginning

Balance Ending

Balance

Assets

Cash $ $133,000$ $ $133,000$

Accounts receivable $330,000485,000$

Inventory $576,000483,000$

Plant and equipment, net $831,000809,000$

Investment in Buisson, S$.$A$.400,000430,000$

Land $($undeveloped$)252,000255,000$

Total assets $ $2,522,000$ $ $2,595,000$

Liabilities and Stockholders' Equity

Accounts payable $ $373,000$ $ $336,000$

Long$-$term debt $984,000984,000$

Stockholders' equity $1,165,0001,275,000$

Total liabilities and stockholders' equity $ $2,522,000$ $ $2,595,000$

Joel de Paris, Inc.

Income Statement

Sales $ $4,158,000$

Operating expenses $3,659,040$

Net operating income $498,960$

Interest and taxes:

Interest expense $ $112,000$

Tax expense $192,000304,000$

Net income $ $194,960$

The company paid dividends of $$84,960$ last year. The $$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 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?