Financial data for Joel de Paris, Incorporated, for last year follow:

Joel de Paris, Incorporated

Balance Sheet

Beginning Balance Ending Balance

Assets

Cash $ $133,000$ $ $134,000$

Accounts receivable $340,000477,000$

Inventory $568,000490,000$

Plant and equipment, net $859,000839,000$

Investment in Buisson, S$.$A$.400,000433,000$

Land $($undeveloped$)254,000251,000$

Total assets $ $2,554,000$ $ $2,624,000$

Liabilities and Stockholders' Equity

Accounts payable $ $389,000$ $ $331,000$

Long$-$term debt $1,034,0001,034,000$

Stockholders' equity $1,131,0001,259,000$

Total liabilities and stockholders' equity $ $2,554,000$ $ $2,624,000$

Joel de Paris, Incorporated

Income Statement

Sales $ $4,032,000$

Operating expenses $3,386,880$

Net operating income $645,120$

Interest and taxes:

Interest expense $ $124,000$

Tax expense $197,000321,000$

Net income $ $324,120$

The company paid dividends of $$196,120$ last year. The $$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?