1) Financial data for Australian Outback, Inc., for last year follow: Australian Outback, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash 612,000 850,000 Accounts Receivable 376,000 405,000 Inventory 410,000 382,000 Prepaid Assets 112,000 116,000 Plant and Equipment, net 1,048,000 1,052,000 Land held for Investment 210,000 210,000 Intangible Assets 475,000 468,000 Total Assets 3,243,000 3,483,000 Liabilities and Owner's Equity Accounts Payable 399,000 426,000 Salaries Payable 187,500 194,600 Long-term debt 1,856,500 1,897,400 Common Stock 467,000 484,000 Retained Earnings 333,000 481,000 Total Liabilities and Owner's Equity 3,243,000 3,483,000 Sales Operating expenses Net Operating Income Other expenses Interest expense Tax expense Net Income Australian Outback, Inc. Income Statement 6,175,000 4,693,000 1,482,000 187,500 310,680 983,820 The company's minimum required rate of return of 18%. 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 "Turnover" to 1 decimal place.) 3. What was the company's residual income last year