Financial data for Joel de Paris, Inc., for last year follow: Assets Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance 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 $ 139,000 $ 131,000 347,000 577,000 827,000 405,000 251,000 $ 2,546,000 474,000 479,000 846,000 428,000 255,000 $ 2,613,000 $ 371,000 $ 349,000 993,000 1,182,000 993,000 1,271,000 $ 2,546,000 $ 2,613,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income $122,000 202,000 $ 4,775,000 4,106,500 668,500 324,000 $ 344,500 The company paid dividends of $255,500 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 (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. Average operating assets 2 Margin % Turnover 3. ROI Residual income %