Financial data for Joel de Paris, Inc for last year is below:

Balance Sheet:

Assets:

Cash: Beginning balance: $132,000 / Ending balance: $140,000

A/R: beginning balance: $349,000 / ending balance: $474,000

Inventory: beginning balance: $562,000 / ending balance: $471,000

Plant and Equip, net: beginning balance: $857,000 / ending balance: $855,000

Investment in Buisson, S.A. / beginning bal: $406,000 / ending balance: $430,000

Land: beginning balance: $251,000 / ending balance: $255,000

Liabiilities and stockholder equity:

A/P: beginning bal: $382,000 / ending bal: $331,000

long term debt: beginning balance: $1,039,000 / ending balance: $1,039,000

stockhokders equity: beginning balance: $1,136,000 /ending balance: $1,255,000

Joel de Paris Income Statement is below:

Sales: $4,416,000

Operating expenses: $3,886,080

Net operating income: $529,920

Interest and taxes:

interest expense: $119,000

Tax expense: $198,000

total expenses: $317,000

Net income: $212,920

The company paid dividends of $93,920 last year. The investment in Buisson, S.A. on the balance sheet represents an investment in the stock of another company. The companys min required rate of return is 15%.

1) compute the companys average operating assets for the year

2) compute the companys margin, turnover and return on investment for last year

3) what is the companys residual income for last year?