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 $ 135,000 333,000 569,000 843,000 397,000 255,000 $ 2,532,000 $ 131,000 481,000 488,000 820,000 435,000 249,000 $ 2,604,000 $ 374,000 958,000 1,200,000 $ 2,532,000 $ 347,000 958,000 1,299,000 $ 2,604,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 115,000 Tax expense 205,000 Net income $4,750,000 4,037,500 712,500 320,000 392,500 $ Jool de Paris, Inc. Income statement Sales Operating oxpenses Net operating income Tateroist and taxen Interest expense $ 115,000 Tax expense 205,000 Net Income $ 4,750,000 4.037.500 712,500 320,000 392,500 $ The company paid dividends of $293,500 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 (Rol 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 Tumover ROI Residual income 3