1 Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory $131,000 $ 134,000 349,000 488,000 578,000 484,000 Plant and equipment, net 782,000 774,000 Investment in Buisson, S.A. 407,000 435,000 Land (undeveloped) 250,000 249,000 Total assets $2,497,000 $ 2,564,000 Liabilities and Stockholders' Equity Accounts payable $380,000 Stockholders' equity Long-term debt Total liabilities and stockholders' equity 982,000 1,135,000 $342,000 982,000 $2,497,000 1,240,000 $2,564,000 Sales Operating expenses Joel de Paris, Incorporated Net operating income Interest and taxes: Interest expense Tax expense Net income Income Statement $ 3,906,000 3,398,220 507,780 $ 129,000 194,000 323,000 $ 184,780 The company paid dividends of $79,780 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? 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income % %