Ending Balance Joel de Paris, Incorporated Balance Sheet Beginning Balance Assets Cash $ 135,000 Accounts receivable 340,000 Inventory 568,000 Plant and equipment, net 827,000 Investment in Buisson, S.A. 400,000 Land (undeveloped) 251,000 Total assets $ 2,521,000 Liabilities and Stockholders' Equity Accounts payable $ 388,000 Long-term debt 1,045,000 Stockholders' equity 1,088,000 Total liabilities and stockholders' equity $ 2,521,000 $ 136,000 477,000 485,000 812,000 429,000 249,000 $ 2,588,000 $ 341,000 1,045,000 1,202,000 $ 2,588,000 Joel de Paris, Incorporated Income Statement Sales $ 4,536,000 Operating expenses 3,855,600 Net operating income 680, 400 Interest and taxes: Interest expense $ 124,000 Tax expense 190,000 314,000 Net income $ 366,400 The company paid dividends of $252,400 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