Assets Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance 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 $ 132,000 338,000 572,000 $ 128,000 481,000 888,000 395,000 253,000 488,000 873,000 431,000 249,000 $ 2,578,000 $ 2,650,000 $ 348,000 1,014,000 1,288,000 $ 378,000 1,014,000 1,186,000 $2,578,000 $ 2,650,000 Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 126,000 208,000 $ 4,485,000 3,857,100 627,900 334,000 $ 293,900 The company paid dividends of $191,900 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