Problem $10-15($Algo$)$ Return on Investment $($ROI$)$ and Residual Income $[$LO$10-1,$ LO$10-2]$

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

Joel de Paris, Incorporated Balance Sheet$$Beginning BalanceEnding BalanceAssets$$Cash$ $137,000$$ $136,000$Accounts receivable$345,000474,000$Inventory$575,000472,000$Plant and equipment, net$773,000788,000$Investment in Buisson, S$.$A$\mathrm{.}409,000434,000$Land $($undeveloped$)252,000246,000$Total assets$ $2,491,000$$ $2,550,000$Liabilities and Stockholders' Equity$$Accounts payable$ $372,000$$ $341,000$Long$-$term debt$1,028,0001,028,000$Stockholders' equity$1,091,0001,181,000$Total liabilities and stockholders' equity$ $2,491,000$$ $2,550,000$

Joel de Paris, Incorporated Income StatementSales$$$ $4,440,000$Operating expenses$3,862,800$Net operating income$577,200$Interest and taxes:$$Interest expense$ $121,000$Tax expense$208,000329,000$Net income$$$ $248,200$

The company paid dividends of $$158,200$ last year. The $$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 is $15\%.$

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.

Note: Do not round intermediate calculations and round your final answers to $2$ decimal places.

What was the company$$s residual income last year?