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

Joel de Paris, Inc.

Balance Sheet

Beginning balance/ Ending balance

Assets

Cash$135,000/ $137,000

Accounts receivable346,000/490,000

Inventory570,000/483,000

Plant and equipment, net859,000/840,000

Investment in Buisson, S.A.397,000/434,000

Land (undeveloped)250,000/251,000

Total assets $2,557,000 / $2,635,000

Liabilities and Stockholders' Equity

Accounts payable$390,000/ $345,000

Long-term debt1,021,000/1,021,000

Stockholders' equity1,146,000/1,269,000

Total liabilities and stockholders' equity $2,557,000/ $2,635,000

Joel de Paris, Inc.

Income Statement

Sales $4,246,000

Operating expenses 3,694,020

Net operating income 551,980

Interest and taxes:

Interest expense $113,000

Tax expense192,000 305,000

Net income $246,980

The company paid dividends of $123,980 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?