"Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet 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 Beginning Balance $ 134,000 347,000 568,000 871,000 401,000 254,000 $ 2,575,000 $ 139,000 475,000 480,000 866,000 428,000 253,000 $ 2,641,000 $ 371,000 1,009,000 1,195,000 $ 2,575,000 $ 345,000 1,009,000 1,287,000 $ 2,641,000 Joel de Paris, Ine. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 121,000 Tax expense 195,000 Net income $ 4,074,000 3,503, 640 570,360 $ 316,000 254,360 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest experke $ 121,000 Tax expense 195,000 Net Income $ 4,074,000 3,503, 640 570,360 316,000 $ 254,360 The company paid dividends of $162,360 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 3. What was the company's residual income last year? 1 2 % Average operating assets Margin Tumover ROI Residual income % 3