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 $ 131, eee 333,000 573, ese 833, eee 402,800 252, eee $ 2,524,000 $ 126,eee 473,000 483,000 828, eee 431,eee 253, eee $ 2,594,800 $ 376,00 1,911,000 1,137,0 $ 2,524, eee $ 331,800 1,011,800 1, 252,000 $ 2,594, eee Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 121, eee Tax expense 195,00 Net income $ 3,969,690 3, 294, 278 674,730 316, eae 358,73 $ The company paid dividends of $243,730 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 96 ROI 96 3. Residual income