Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance 33.33 points X 01:45:40 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 126,000 343,000 573,000 858,000 398,000 254,000 $ 2,552,000 $ 130,000 487,000 483,000 840,000 427,000 253,000 $2,620,000 $ 384,000 973,000 1,195,000 $ 2,552,000 $ 341,000 973,000 1,306,000 $2,620,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 121,000 Tax expense 207,000 Net income $ 4,416,000 3,665,280 750,720 328,000 422,720 $ The company paid dividends of $311,720 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. (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. 2. | Average operating assets Margin Turnover % ROI % 3. Residual income