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 $ 136,000 345,000 566,000 803,000 409,000 250,000 $ 2,509,000 $ 140,000 488,000 488,000 774,000 433,000 248,000 $ 2,571,000 $ 379,000 1,023,000 1,107,000 $ 2,509,000 $ 343,000 1,023,000 1,205,000 $ 2,571,000 Joel de Paris, Inc. Income Statement C4 862.000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 121,000 Tax expense 197,000 Net income $ 4,862,000 4,278,560 583,440 318,000 265,440 $ t4 The company paid dividends of $167440 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 "Margin", "Turnover" and "ROT" to 2 decimal places.) 3. What was the company's residual income last year? 1 2. Average operating assets Margin Turnover ROI Residual income 1% 3