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 137,000 340,000 561,000 802,000 408,000 254,000 2,502,000 $ 133,000 485,000 480,000 782,000 433,000 246,000 $ 2,559,000 $ $ 376,000 977,000 1,149,000 $ 2,502,000 $ 330,000 977,000 1,252,000 $2,559,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 111,000 Tax expense 203,000 Net income $ 4,092,000 3,437,280 654,720 314,000 340,720 $ The company paid dividends of $237,720 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