Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Tne. Balance sheet beginning Balance Ending Balance Assets Cash Accounts receivable Tnventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders. Equity Accounts payable Long-term debt Stockholders' eguity Total liabilities and stockholders equity $ 133,000 348,000 573,000 826,000 399,000 247,000 $ 2,526,000 $ 127,000 477,000 477,000 839,000 425,000 250,000 $ 2,65,000 5 375,000 1,012,000 1,139,000 $ 2,526,000 5 346,000 1,012,000 1,237,000 $ 2,595,000 Joel de Paris, Ine. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 119,000 Tax expense 201,000 Net income $ 4,940,000 4,100,200 839,800 320,000 $ 519,800 The company paid dividends of $421,800 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% Interest expense Tax expense Net Income $ 119,000 201,000 320.000 519,800 The company paid dividends of $421,800 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 % 3. Residual income