Balance Sheet Beginning Balance Ending Balance 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 $ 126,000 345,000 567,000 892,000 390,000 246,000 $ 2,566,000 $ 126,000 471,000 475,000 898,000 425,000 247,000 $ 2,642,000 $ 372,000 1,019,000 1,175,000 $ 2,566,000 $ 348,000 1,019,000 1,275,000 $ 2,642,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 122,000 Tax expense 205,000 Net income $ 5,460,000 4,750,200 709,800 327,000 382,800 $ The company paid dividends of $282,800 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