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

Joel de Paris, Inc.

Balance Sheet

Beginning

Balance Ending

Balance

Assets

Cash $ $126,000$ $ $129,000$

Accounts receivable $337,000488,000$

Inventory $577,000474,000$

Plant and equipment, net $840,000829,000$

Investment in Buisson, S$.$A$.403,000432,000$

Land $($undeveloped$)249,000252,000$

Total assets $ $2,532,000$ $ $2,604,000$

Liabilities and Stockholders' Equity

Accounts payable $ $373,000$ $ $331,000$

Long$-$term debt $995,000995,000$

Stockholders' equity $1,164,0001,278,000$

Total liabilities and stockholders' equity $ $2,532,000$ $ $2,604,000$

Joel de Paris, Inc.

Income Statement

Sales $ $3,990,000$

Operating expenses $3,271,800$

Net operating income $718,200$

Interest and taxes:

Interest expense $ $123,000$

Tax expense $192,000315,000$

Net income $ $403,200$

The company paid dividends of $$289,200$ last year. The $$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. $($Do not round intermediate calculations and round your final answers to $2$ decimal places.$)$

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