Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 132,000 $ 139,000 Accounts receivable 342,000 476,000 Inventory 572,000 473,000 Plant and equipment, net 804,000 802,000 Investment in Buisson, S.A. 403,000 431,000 Land (undeveloped) 254,000 255,000 Total assets $ 2,507,000 $ 2,576,000 Liabilities and Stockholders' Equity Accounts payable $ 377,000 $ 340,000 Long-term debt 992,000 992,000 Stockholders' equity 1,138,000 1,244,000 Total liabilities and stockholders' equity $ 2,07,000 $ 2,576,000.

Joel de paris, INC. income statement

Sales 4,301,000

Operating Expenses 3,698,860

Net operating income 602,140

Interest and Taxes:

Interest Expense 116,000

Tax Expense 193,000 309,000

Net Income 293.140

The company paid dividends of 187,140 last year. The investment in Busisson SA. "on the balance sheet represents an investment in the stock of another company. The companys Minimum required rate of return of 15%

Require:

1. Compute the companys average operating assets for last year

2. Compute the companys margin, turnover, and return on investment for last year (Round "Margin", "Turnover" and ROI to 2 decimal places"

3. What was the companys residual income last year?