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 $ 140,000 332,000 568,000 870,000 400,000 252,000 $ 2,562,000 $ 125,000 480,000 474,000 871,000 433,000 248,000 $ 2,631,000 $ 371,000 989,000 1,202,000 $ 2,562,000 $ 339,000 989,000 1,303,000 $ 2,631,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 115,000 Tax expense 192,000 Net income $ 5,018,000 4,215, 120 802,880 307,000 495,880 $ The company paid dividends of $394,880 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