Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash $ 137,000 $ 126,000 Accounts receivable 335,000 488,000 Inventory 578,000 471,000 Plant and equipment, net 840,000 845,000 Investment in Buisson, S.A. 488,000 427,000 Land (undeveloped) 250,000 252,600 Total assets $ 2,548,000 $ 2,689,000 Liabilities and Stockholders' Equity Accounts payable $ 372,800 $ 333,000 Long-term debt 991,800 991,800 Stockholders' equity 1,185,000 1,285,000 Total liabilities and stockholders' equity $ 2,548,000 $ 2,609,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 125,000 Tax expense 201,000 Net income 55,157,000 4,280, 310 876,698 326,000 550,690 5 The company paid dividends of $450,690 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%. FO Interest expense Tax expense Net income $ 125,000 201,000 326,888 550,690 The company paid dividends of $450,690 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 (RO) 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 Average operating assets 2. Margin Turnover ROI 3. Residual income %