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

Joel de Paris, Incorporated

Balance Sheet

Beginning Balance Ending Balance

Assets

Cash $ $126,000$ $ $138,000$

Accounts receivable $349,000479,000$

Inventory $561,000483,000$

Plant and equipment, net $844,000820,000$

Investment in Buisson, S$.$A$.400,000430,000$

Land $($undeveloped$)245,000252,000$

Total assets $ $2,525,000$ $ $2,602,000$

Liabilities and Stockholders' Equity

Accounts payable $ $385,000$ $ $341,000$

Long$-$term debt $1,029,0001,029,000$

Stockholders' equity $1,111,0001,232,000$

Total liabilities and stockholders' equity $ $2,525,000$ $ $2,602,000$

Joel de Paris, Incorporated

Income Statement

Sales $ $4,750,000$

Operating expenses $4,085,000$

Net operating income $665,000$

Interest and taxes:

Interest expense $ $120,000$

Tax expense $199,000319,000$

Net income $ $346,000$

The company paid dividends of $$225,000$ last year. The $$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?