Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance $ 127,000 348,000 1 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 570,000 835,000 406,000 252,000 $ 2,538,000 131,000 487,000 481,000 821,000 433,000 250,000 $ 2,603,000 $ 387,000 1,010,000 1,141,000 $ 2,538,000 $ 349,000 1,010,000 1,244,000 $ 2,603,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 112,000 Tax expense 201,000 Net income $ 3,990,000 3,311,700 678,300 $ 313,000 365, 300 The company paid dividends of $262,300 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. 2. % Average operating assets Margin Turnover ROI Residual income %