1 Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet 12.5 points Assets Cash Accounts receivable Inventory Plant and equipment, net eBook Land (undeveloped) Investment in Buisson, S.A. Total assets Liabilities and Stockholders' Equity Print Accounts payable References Long-term debt Stockholders' equity Total liabilities and stockholders' equity Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense $ 119,000 192,000 Beginning Balance Ending Balance $ 128,000 $ 131,000 342,000 576,000 824,000 404,000 254,000 481,000 482,000 816,000 429,000 247,000 $ 2,528,000 $ 384,000 977,000 1,167,000 $ 2,528,000 $ 4,914,000 4,078,620 835,380 311,000 $ 2,586,000 $ 337,000 977,000 1,272,000 $ 2,586,000 Net income $ 524,380 The company paid dividends of $419,380 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year?