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

Joel de Paris, Incorporated Balance Sheet Beginning BalanceEnding BalanceAssets Cash$ 140,000$ 126,000Accounts receivable332,000488,000Inventory573,000484,000Plant and equipment, net865,000852,000Investment in Buisson, S.A.407,000428,000Land (undeveloped)249,000247,000Total assets$ 2,566,000$ 2,625,000Liabilities and Stockholders' Equity Accounts payable$ 387,000$ 348,000Long-term debt1,002,0001,002,000Stockholders' equity1,177,0001,275,000Total liabilities and stockholders' equity$ 2,566,000$ 2,625,000

Joel de Paris, Incorporated Income StatementSales $ 4,053,000Operating expenses 3,485,580Net operating income 567,420Interest and taxes: Interest expense$ 124,000 Tax expense197,000321,000Net income $ 246,420

The company paid dividends of $148,420 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 companys turnover, and return on investment (ROI) for last year. (Round "Turnover" and "ROI" to 2 decimal places.)

3. What was the companys residual income last year?