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 $ 129,000 349,000 576,000 826,000 499,000 250,000 $ 2,539,000 $ 135,800 486,000 481,000 818,000 434,000 251,000 $ 2,605,000 $ 374,000 978,000 1,187,000 $ 2,539,000 $ 348,000 978,000 1,279,000 $ 2,605,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 125,000 Tax expense 195,000 Net Income $ 5,130,000 4.360,500 769,500 320,000 449,500 $ The company paid dividends of $357,500 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% The company paid dividends of $357,500 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 Tumover ROI Residual income 3