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

Joel de Paris, Incorporated

Balance Sheet

Beginning Balance Ending Balance

Assets

Cash $ $129,000$ $ $138,000$

Accounts receivable $341,000477,000$

Inventory $562,000478,000$

Plant and equipment, net $828,000807,000$

Investment in Buisson, S$.$A$.410,000428,000$

Land $($undeveloped$)246,000249,000$

Total assets $ $2,516,000$ $ $2,577,000$

Liabilities and Stockholders' Equity

Accounts payable $ $376,000$ $ $348,000$

Long$-$term debt $1,035,0001,035,000$

Stockholders' equity $1,105,0001,194,000$

Total liabilities and stockholders' equity $ $2,516,000$ $ $2,577,000$

Joel de Paris, Incorporated

Income Statement

Sales $ $5,264,000$

Operating expenses $4,527,040$

Net operating income $736,960$

Interest and taxes:

Interest expense $ $116,000$

Tax expense $200,000316,000$

Net income $ $420,960$

The company paid dividends of $$331,960$ last year. The $$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?