Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet 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 137,000 334,000 568,000 811,000 395,000 252,000 $ 2,497,000 $ 137,000 481,000 490,000 782,000 434,000 249,000 $ 2,573,000 $ S 379,000 979,000 1,139,000 $ 2,497,000 342,000 979,000 1,252,000 $ 2,573,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 128,000 Tax expense 208,000 Not income $ 4,114,000 3,372,480 740, 520 336,000 404,520 S The company paid dividends of $291,520 last year. The "Investment in Buisson, S.A.," on the balances Joe e raLL, 110 Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 128,000 Tax expense 208,000 Net income $ 4,114,000 3,373,480 740,520 336,000 404,520 $ The company paid dividends of $291,520 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? 1. 2 % Average operating assets Margin Turnover ROI Residual income % 3