Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Endine 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 $ 126,000 340,000 568,000 816,000 398,000 249,000 $ 2,497,000 133,000 488,000 484,000 785,000 429,000 246,000 $ 2,565,000 $ 377,000 1,044,000 1,076,000 $ 2,497,000 $ 332,000 1,044,000 1,189,000 $ 2,565,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Inter expense $ 124,000 Tax expense 201,000 Net income $ 4,301,000 3,612,840 688,160 325,000 363, 160 $ The company paid dividends of $250,160 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. (Do not round intermediate calculations and round your final answers 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