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

Joel de Paris, Inc.

Balance Sheet

Beginning

Balance Ending

Balance

Assets

Cash $ $131,000$ $ $139,000$

Accounts receivable $346,000476,000$

Inventory $568,000470,000$

Plant and equipment, net $805,000805,000$

Investment in Buisson, S$.$A$.402,000433,000$

Land $($undeveloped$)247,000255,000$

Total assets $ $2,499,000$ $ $2,578,000$

Liabilities and Stockholders' Equity

Accounts payable $ $385,000$ $ $333,000$

Long$-$term debt $974,000974,000$

Stockholders' equity $1,140,0001,271,000$

Total liabilities and stockholders' equity $ $2,499,000$ $ $2,578,000$

Joel de Paris, Inc.

Income Statement

Sales $ $4,301,000$

Operating expenses $3,569,830$

Net operating income $731,170$

Interest and taxes:

Interest expense $ $126,000$

Tax expense $199,000325,000$

Net income $ $406,170$

The company paid dividends of $$275,170$ last year. The $$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?