Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity Beginning Ending Balance Balance 131,000 129,000 343,000 489,000 568,000 483,000 868,000 849,000 407,000 425,000 248,000 254,000 $ 2,565,000 $ 2,629,000 386,000 $ 348,000 992,000 1,187,000 992,000 1,289,000 $ 2,565,000 $ 2,629,000 Sales Joel de Paris, Inc. Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 4,439,000 3,728,760 710,240 $ 127,000 208,000 $ 335,000 375,240 The company paid dividends of $273,240 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 Turnover %