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 128,000 $ 125,000 333,000 476,000 565,000 484,000 844,000 825,000 395,000 432,000 253,000 247,000 $ 2,518,000 $2,589,000 $ 377,000 1,032,000 1,109,000 $ 2,518,000 $ 347,000 1,032,000 1,210,000 $ 2,589,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 125,000 Tax expense 203,000 Net income $ 4,158,000 3,659,040 498,960 328,000 170,960 The company paid dividends of $69,960 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 3. Residual income