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

Joel de Paris, Inc.

Balance Sheet

Beginning

Balance

Ending

Balance

Assets

Cash

$

129,000

$

126,000

Accounts receivable

333,000

474,000

Inventory

569,000

477,000

Plant and equipment, net

869,000

863,000

Investment in Buisson, S.A.

405,000

433,000

Land (undeveloped)

246,000

248,000

Total assets

$

2,551,000

$

2,621,000

Liabilities and Stockholders' Equity

Accounts payable

$

381,000

$

336,000

Long-term debt

981,000

981,000

Stockholders' equity

1,189,000

1,304,000

Total liabilities and stockholders' equity

$

2,551,000

$

2,621,000

Joel de Paris, Inc.

Income Statement

Sales

$

5,184,000

Operating expenses

4,458,240

Net operating income

725,760

Interest and taxes:

Interest expense

$

118,000

Tax expense

195,000

313,000

Net income

$

412,760

The company paid dividends of $297,760 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?