Ending Balance Financial data for Joel de Paris, Incorporated, for last year follow: Jool de Paris, Incorporated Balance Sheet Beginning Balance Assets Cash $ 138,000 Accounts receivable 347,000 Inventory 574,000 Plant and equipment, net 841,000 Investment in Buisson, S.A. 406,000 Land (undeveloped) 253,000 Total assets $ 2,559,000 Liabilities and Stockholders' Equity Accounts payable $ 374,000 Long-term debt 1,035,000 Stockholders' equity 1,150,000 Total liabilities and stockholders' equity $ 2,559,000 $ 134,000 473,000 484,000 849,000 434,000 251,000 $ 2,625,000 $ 343,000 1,035,000 1, 247,000 $ 2,625,000 Joel de Paris, Incorporated Income Statement Sales $ 4,416,000 Operating expenses 3.709.440 Net operating income 706,560 Interest and taxes: Interest expense $ 127,000 Tax expense 196,000 323,000 Net income $ 383,560 The company pold dividends of $286.560 last year. The "Investment in Bulsson, S.A." on the balance sheet represents on investme $ 4,416,000 3,709,440 706,560 Incon Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 127,000 Tax expense 196,000 Net Income 323,000 $ 383,560 The company pald dividends of $286,560 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. (Do not round intermediate calculations and round your final answers 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 incomo %