Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Assets Cash $ 137,000 Accounts receivable 341,000 Inventory 564,000 Plant and equipment, net 878,000 Investment in Buisson, S.A. 404,000 Land (undeveloped) 251,000 Total assets $2,575,000 Liabilities and Stockholders' Equity Accounts payable $ 378,000 Long-term debt 965,000 Stockholders' equity 1,232,000 Total liabilities and stockholders' equity $2,575,000 Ending Balance $ 139,000 480,000 478,000 863,000 432,000 252,200 $2,644,000 $ 335,000 965,000 1,344,000 $ 2,644,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 124,000 Tax expense 199,000 Net income $4,074,000 3,544,380 529,620 323,000 $ 206,620 The company pold dividends of $94,620 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? $ 1,940,000 1. Average operating assets 2. Margin 2 Turnover % 2.10 ROI % 3. Residual income