Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning 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 11abilities and stockholders' equity $ 137,000 349,000 564,000 840,000 410,000 254,000 $ 2,554,000 Ending Balance 5 135,000 485,000 484,000 826,000 431,000 242,000 $ 2,610,000 $ 387,080 1,042,000 1,125,000 $ 2,554,000 5 334,000 1,042,000 1,234,000 $ 2,610,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 111,000 Tax expense 194,000 Net income $ 4,393,000 3,734,050 658,950 3e5,000 353,950 The company paid dividends of $244.950 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 "Margin", "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 3