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 134,000 335,000 566,000 795,000 397,000 250,000 $ 2,477,000 $ 136,000 473,000 485,000 776,000 432,000 252,000 $ 2,554,000 $ 389,000 984,000 1,104,000 $ 2,477,000 $ 346,000 984,000 1,224,000 $ 2,554,900 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 119,000 $ 4,625,000 3,977,500 647,500 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 119,000 Tax expense 199,000 Net income $ 4,625,000 3,977,500 647,500 318,000 329,500 $ The company paid dividends of $209,500 last year. The "Investment in Buisson, SA." 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 "Margini", "Turnover" and "ROM to 2 decimal places.) 3. What was the company's residual income last year? Answer is complete but not entirely correct. 1 $ 2,515,500 $ Average operating assets Margin 2 Turnover 14.00 % 1.84 % 25.74 X % ROI