Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance sheet Deginning 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 $ 132,000 340,000 563,000 815,000 391,000 251,000 $ 2,492,000 $ 127,000 490,000 483,000 790,000 432,000 250,000 $ 2,572,000 $ 384,000 987,000 1,121,000 $ 2,492,000 $ 342,000 987,000 1,243,000 $ 2,572,000 Joel de Paris, Ine. Income Statement Sales Operating expenses Niet operating income Interest and taxes Interest expense $ 116,000 Tax expense 210,000 Net Income $ 3,740,000 3,104,200 635,800 326,000 309,800 $ The company paid dividends of $187,800 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