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 Sto olders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 126,000 346,000 566,000 812,000 404,000 247,000 $ 2,501,000 $ 139,000 471,000 480,000 800,000 428,000 250,000 $ 2,568,000 $ 379,000 964,000 1,158,000 $ 2,501,000 $ 331,000 964,000 1,273,000 $ 2,568,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 120,000 Tax expense 191,000 Net income $ 3,927,000 3,377,220 549,780 311,000 238,780 $ The company paid dividends of $123,780 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 2. Margin Turnover ROI % 3. Residual income