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

Joel de Paris, Incorporated

Balance Sheet

Beginning Balance Ending Balance

Assets

Cash $ $138,000$ $ $133,000$

Accounts receivable $346,000484,000$

Inventory $574,000481,000$

Plant and equipment, net $832,000832,000$

Investment in Buisson, S$.$A$.408,000428,000$

Land $($undeveloped$)253,000250,000$

Total assets $ $2,551,000$ $ $2,608,000$

Liabilities and Stockholders' Equity

Accounts payable $ $381,000$ $ $342,000$

Long$-$term debt $966,000966,000$

Stockholders' equity $1,204,0001,300,000$

Total liabilities and stockholders' equity $ $2,551,000$ $ $2,608,000$

Joel de Paris, Incorporated

Income Statement

Sales $ $4,584,000$

Operating expenses $3,988,080$

Net operating income $595,920$

Interest and taxes:

Interest expense $ $112,000$

Tax expense $204,000316,000$

Net income $ $279,920$

The company paid dividends of $$183,920$ last year. The $$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?