Ending Balance Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance sheet Beginning Balance Assets Cash $ 135,000 Accounts receivable 345, eee Inventory 573, eee Plant and equipment, net 837,eee Investment in Buisson, S.A. 407, eee Land (undeveloped) 249, eee Total assets $ 2,546, eee Liabilities and stockholders' Equity Accounts payable $ 388, eee Long-term debt stockholders' equity 975, eee 1,183, eee Total liabilities and stockholders' equity $ 2,546,000 $ 127,eee 470, eee 483,eee 850, eee 429, eee 250, eee $ 2,609,000 $ 348, eee 975,000 1,286, eee $ 2,609, eee Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 120,eee Tax expense 194, eee Net income $ 4,011,000 3,449,460 561,540 314, eee 247,540 $ The company pald dividends of $144,540 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 "ROP to 2 decimal places.) 3. What was the company's residual income last year? 1 2 % Average operating assets Margin Turnover ROU Residual income 3 %