Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Ending Balance Beginning Balance Assets 136,000 488,000 Cash 132,000 344,000 Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped ) 570,000 854,000 401,000 250,000 484,000 832,000 427,000 253,000 $ 2,551,000 $2,620,000 Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity 376,000 1,014,000 1,161,000 $ 338,000 1,014,000 1,268,000 $ 2,620,000 2,551,000 Total liabilities and stockholders' equity Joel de Paris, Inc. Income Statement $5,376,000 4,408,320 Sales Operating expenses Net operating income 967,680 Interest and taxes: $ 118,000 Interest expense 198,000 316,000 Tax expense 651,680 income Net Joel de Paris, Inc Income Statement Sales $ 5,376,000 4,408,320 967,680 Operating expenses Net operating income Interest and taxes $118,000 Interest expense 198,000 316,000 xpense 651,680 income Net The company paid dividends of $544,680 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? Average operating assets Margin 1 2. % Turnover ROI % Residual income