Financial data for Joel de Paris, Inc., for last year follow: Assets Cash Accounts receivable Inventory Plant and equipment, net Joel de Paris, Inc. Balance Sheet Beginning Balance 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 Ending Balance $ 125,000 $ 128,000 335,000 489,000 576,000 477,000 854,000 836,000 393,000 433,000 250,000 255,000 $2,533,000 $2,618,000 $ 380,000 $ 348,000 974,000 1,179,000 974,000 1,296,000 $2,533,000 $ 2,618,000 Sales Joel de Paris, Inc. Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 123,000 208,000 $ 4,966,000 4,171,440 794,560 331,000 $ 463,560 The company paid dividends of $346,560 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? 1. Average operating assets $ 3,820,000 2 Margin % 3. Turnover ROI Residual income %