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 137,000 345,000 575,000 853,000 401,000 246,000 $ 2,557,000 $ 132,000 488,000 478,000 852,000 428,000 253,000 $ 2,631,000 $ 390,000 991,000 1,176,000 $ 2,557,000 $ 332,000 991,000 1,308,000 $ 2,631,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 125,000 Tax expense 194,000 Net income $ 4,439,000 3,817,540 621,460 319,000 302,460 $ The company paid dividends of $170,460 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