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

The company paid dividends of $$284,080$ 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:

Compute the company's average operating assets for last year.

Compute the company's margin, turnover, and return on investment $($ROI$)$ for last year. $($Round "Margin", "Turnover"

and "ROI" to $2$ decimal places.$)$

What was the company's residual income last year? Financial data for Joel de Paris, Incorporated, for last year follow:

Joel de Paris, Incorporated

Balance Sheet

Beginning Balance Ending Balance

Assets

Cash $ $126,000$ $ $135,000$

Accounts receivable $348,000476,000$

Inventory $568,000485,000$

Plant and equipment, net $808,000794,000$

Investment in Buisson, S$.$A$.393,000427,000$

Land $($undeveloped$)249,000247,000$

Total assets $ $2,492,000$ $ $2,564,000$

Liabilities and Stockholders' Equity

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

Long$-$term debt $971,000971,000$

Stockholders' equity $1,140,0001,251,000$

Total liabilities and stockholders' equity $ $2,492,000$ $ $2,564,000$

Joel de Paris, Incorporated

Income Statement

Sales $ $4,488,000$

Operating expenses $3,769,920$

Net operating income $718,080$

Interest and taxes:

Interest expense $ $120,000$

Tax expense $203,000323,000$

Net income $ $395,080$

The company paid dividends of $$284,080$ last year. The $$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?