Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash $ 138,000 $ 126,000 Accounts receivable 342,000 480,000 Inventory 570,000 489,000 Plant and equipment, net 870,000 865,000 Investment in Buisson, S.A. 396,000 430,000 Land (undeveloped) 246,000 249,000 Total assets $2,562,000 $2,639,000 Liabilities and Stockholders' Equity Accounts payable $ 377,000 $ 345,000 Long-term debt 1,024,000 1,024,000 Stockholders' equity 1,161,000 1,270,000 Total liabilities and $2,562,000 $2,639,000 stockholders' equity Joel de Paris, Inc. Income Statement Sales $5,432,000 Operating 4,508,560 expenses Net operating 923,440 income Interest and taxes: Interest expense $114,000 Tax expense 209,000 323,000 Net income $ 600, 440 The company paid dividends of $491,440 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 (RON 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. Average operating assets 2. Margin Turnover ROI 3. Residual income %