Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash $ 137,000 $ 128,000 Accounts receivable 339,000 484,000 Inventory 580,000 483,000 Plant and equipment, net 844,000 845,000 Investment in Buisson, S.A. 405,000 427,000 Land (undeveloped) 246,000 250,000 Total assets $2,551,000 $2,617,000 Liabilities and Stockholders' Equity Accounts payable $ 381,000 $ 337,000 Long-term debt 1,024,000 1,024,000 Stockholders' equity 1,146,000 1,256,000 Total liabilities and $2,551,000 $2,617,000 stockholders' equity Joel de Paris, Inc. Income Statement Sales $4,224,000 Operating 3,632,640 expenses Net operating 591,360 income Interest and taxes: Interest $118,000 expense Tax expense 200,000 Net income $ 273,360 The company paid dividends of $163,360 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 Average operating assets 2. Margin Turnover ROI 3. Residual income