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

Joel de Paris, Inc.

Balance Sheet

Beginning

Balance Ending

Balance

Assets

Cash $ $126,000$ $ $127,000$

Accounts receivable $347,000486,000$

Inventory $561,000481,000$

Plant and equipment, net $876,000856,000$

Investment in Buisson, S$.$A$.396,000434,000$

Land $($undeveloped$)254,000252,000$

Total assets $ $2,560,000$ $ $2,636,000$

Liabilities and Stockholders' Equity

Accounts payable $ $374,000$ $ $337,000$

Long$-$term debt $984,000984,000$

Stockholders' equity $1,202,0001,315,000$

Total liabilities and stockholders' equity $ $2,560,000$ $ $2,636,000$

Joel de Paris, Inc.

Income Statement

Sales $ $4,439,000$

Operating expenses $3,861,930$

Net operating income $577,070$

Interest and taxes:

Interest expense $ $118,000$

Tax expense $208,000326,000$

Net income $ $251,070$

The company paid dividends of $$138,070$ last year. The $$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?