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 Buis S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 127,000 350,000 575,000 848,000 392,000 245,000 $ 2,537,000 $ 132,000 483,000 484,000 841,000 426,000 250,000 $ 2,616,000 $ 386,000 1,003,000 1.148,000 $ 2,537,000 $ 335,000 1,003,000 1,278,000 $ 2,616,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 117,000 Tax expense 203,000 Net income $ 5,376,000 4,515,840 860,160 320,000 540,160 $ The company paid dividends of $410,160 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, Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxeug Interest expense $ 117,000 Tax expense 203,000 Net income $ 5,376,000 4,515,840 860,160 320,000 540,160 $ The company paid dividends of $410,160 last year. The "Investment in Bulsson, 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 Residual income % 3