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 $ 125,000 336,000 565,000 834,000 407,000 246,000 $ 2,513,000 $ 135,000 475,000 475,000 815,000 428,000 245,000 $2,573,000 $ 384,000 1,033,000 1,096,000 $ 2,513,000 $ 350,000 1,033,000 1,190,000 $2,573,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 125,000 Tax expense 200,000 Net income $ 4,888,000 4,057,040 830,960 325,000 505,960 $ $ 4,888,000 4,057,040 830,960 Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 125,000 200,000 325,000 505,960 $ The company paid dividends of $411,960 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. Avor % Average operating assets Margin Turnover ROI Residual income