Financial data for Joel de Paris, Inc., for last year follow. Joel de Paris, Inc. Balance sheet Beginning Balance Ending Balance Asset Cash Accounts receivable Inventory plant and equipment, net Investment in Duisson, S.A. Land undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt stockholders' equity Total liabilities and stockholders' equity 5 126,000 349,000 577.000 878,000 399.000 251,000 52.575,000 136,000 483,000 470,000 301.000 430,000 250.000 $ 2,650,000 5 376,000 1,001,000 1,198.000 $2.575,000 $ 348,000 1.001.000 1,301.000 5 2,650,000 Joel de Paris, Ine. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 118,000 Tax expense 209,000 Net Income $4,485.000 3,946,800 538.200 5 327,000 211,200 The company paid dividends of $108,200 last year. The "Investment in Bulsson, 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