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 $ 125,000 334,000 572,000 839,000 398,000 251,000 $ 2,519,000 $ 126,000 485,000 480,000 819,000 426,000 245,000 $2,581,000 $ 382,000 974,000 1,163,000 $ 2,519,000 $ 341,000 974,000 1,266,000 $2,581,000 $ 4,158,000 3,534,300 623,700 Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 112,000 Tax expense 204,000 Net income 316,000 307,700 $ The company paid dividends of $204,700 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? 2. % Average operating assets Margin Turnover ROI Residual income