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 $ 140,00 342,000 574,800 824,00 39 , 246 , $ 2,516,000 $ 135,000 488, eee 489,880 808,000 427, eee 253,000 $ 2,600,000 $ 385,000 1,211,000 1,120, eee $ 2,516,000 $ 348,000 1,011, eee 1,241,eee $ 2,600,eee Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 111,000 Tax expense 209,000 Net Income $ 3,800,000 3,116,000 684, 328,888 364,000 $ The company paid dividends of $243,000 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 "ROI" to 2 decimal places.) 3. What was the company's residual income last year? 1. 2. Average operating assets Margin Turnover ROI $ 1,641,700 4.17 % 2.31 9.63% $ (3,256,080) 3. Residual income