Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet 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 stockholdero' equity Beginning Ending Balance Balance $ 130,000 $ 138,000 342,000 472,000 562,000 485,000 816,000 795,000 395,000 431,000 253,000 254,000 $ 2,498,000 $2,575,000 $ 373,000 998,000 1,127.000 $ 2,490,000 $ 343,000 998,000 1,234,000 $ 2,575,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Not operating income Interest and taxes Interest expense $ 116,000 Tax expense 192,000 Not income $ 4,114,000 3,496.900 617,100 308,000 309,100 S The company paid dividends of $202,100 last year. The "Investment in Buisson, S.A.," on the balance sheet in the stock of another company. The company's minimum required rate of return of 15%. The company paid dividends of $202,100 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 "Ror" to 2 decimal places.) 3. What was the company's residual income last year? 1 2 % Average operating assets Margin Tumover ROI Residual income % 3