Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Inding 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 $ 130,000 338,000 560,000 832,000 403,000 249,000 $ 2,512,000 $ 134,000 473,000 472,000 821,000 433,000 246,000 $ 2,579,000 $ 375,000 995,000 1.142.000 $ 2,512,000 $ 345,000 995,000 1,239,000 $ 2,579,000 $ 4,700,000 3,901,000 799,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 111,000 Tax expense 196,000 Net Income 307,000 492,000 $ The company paid dividends of $395,000 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% Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 111,000 Tax expense 196,000 Net income $ 4,700,000 3,901,000 799,000 307,000 492,000 $ The company paid dividends of $395,000 last year. The "Investment in Bulsson, 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 n", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? 1. 2 Average operating assets Margin Turnover % % ROI Residual income 3