Financial data for Joei de Paris, incorporated, for last year follow: Joel de Paris, Incorporated Assets Cash Accounts receivable Balance Sheet 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 Beginning Balance $ 129,000 Ending Balance $ 126,000 473,000 333,000 580,000 818,000 402,000 253,000 $ 2,515,000 $ 382,000 987,000 1,146,000 $ 2,515,000 489,000 812,000 429,000 255,000 $ 2,584,000 $ 332,000 987,000 1,265,000 $ 2,584,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: $ 4,700,000 4,042,000 658,000 Net operating income Interest expense Tax expense Net income $ 127,000 197,000 324,000 $ 334,000 The company paid dividends of $215,000 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 $ 2,518,000 2. Turnover 2. ROI 3. Residual income 14.00 % 0.12 0.13%