Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cath 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 $ 126,000 333,000 560,000 881,000 406,000 251,000 $ 2,557,000 S 134,000 482,000 484,000 840,000 426,000 251,000 $ 2,617,000 $ 389,000 1,006,000 1,162,000 $ 2,557,000 $ 340,000 1,006,000 1,271,000 $ 2,617,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 128,000 Tax expense 190,000 Net income $ 5,184,000 4,302, 720 881,280 318,000 563, 280 $ The company paid dividends of $454,280 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% Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 128,000 Tax expenso 190,000 Net income $ 5,184,000 4,302, 720 881,280 $ 318.000 563,280 The company paid dividends of $454,280 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 % 3. Residual income