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

Joel de Paris, Incorporated

Balance Sheet

Beginning Balance Ending Balance

Assets

Cash $ $133,000$ $ $129,000$

Accounts receivable $350,000472,000$

Inventory $565,000484,000$

Plant and equipment, net $802,000805,000$

Investment in Buisson, S$.$A$.393,000430,000$

Land $($undeveloped$)245,000249,000$

Total assets $ $2,488,000$ $ $2,569,000$

Liabilities and Stockholders' Equity

Accounts payable $ $389,000$ $ $349,000$

Long$-$term debt $1,038,0001,038,000$

Stockholders' equity $1,061,0001,182,000$

Total liabilities and stockholders' equity $ $2,488,000$ $ $2,569,000$

Joel de Paris, Incorporated

Income Statement

Sales $ $4,301,000$

Operating expenses $3,569,830$

Net operating income $731,170$

Interest and taxes:

Interest expense $ $116,000$

Tax expense $206,000322,000$

Net income $ $409,170$

The company paid dividends of $$288,170$ last year. The $$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. $($Do not round intermediate calculations and round your final answers to $2$ decimal places.$)$

$3.$ What was the company$$s residual income last year?