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

Joel de Paris, Inc.Balance Sheet

BeginningBalance EndingBalance

Assets

Cash$127,000$130,000

Accounts receivable333,000482,000

Inventory565,000488,000

Plant and equipment, net885,000850,000

Investment in Buisson, S.A.409,000429,000

Land (undeveloped)245,000251,000

Total assets$2,564,000$2,630,000

Liabilities and Stockholders' Equity

Accounts payable$374,000$332,000

Long-term debt975,000975,000

Stockholders' equity1,215,0001,323,000

Total liabilities and stockholders' equity$2,564,000$2,630,000

Joel de Paris, Inc. Income Statement

Sales $5,018,000

Operating expenses 4,114,760

Net operating income 903,240

Interest and taxes:

Interest expense $128,000

Tax expense 198,000 326,000

Net income $577,240

The company paid dividends of $469,240 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?