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 135,000 332,000 564,000 839,000 392,000 248,000 $ 2,510,000 $ 128,000 481,000 477,000 824,000 427,000 250,000 $ 2,587,000 239 $ 376,000 965,000 1,169,000 $ 2,510,000 $ 339,000 965,000 1,283,000 $ 2,587,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 113,000 Tax expense 190,000 Net income $ 5,103,000 4,388,580 714,420 303,000 411,420 $ $ 5,103,000 4,388,580 714,420 Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 113,000 190,000 303,000 411,420 $ The company paid dividends of $297,420 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 Residual income % 3