Financial data for Joel de Paris, Inc, for last year follow Joel de Paris, Inc. Balance Sheet Ending Balance Beginning Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets $ 131,000 s 132,eee 477,800 472,800 789,080 331,080 569,880 799,800 399,80043,e0 246,800 247,800 $2,475,000 $2,547,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders equity $ 388,080 342,ee0 952,800 1,143,800 1,253,ee8 952,9e $2,475,e0e $2,547,00 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: $4,448,00e 3,729,600 710,400 Interest expense $118,000 Tax expense 283,098 321,889 $ 389,480 Net income The company paid dividends of $279,400 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 (ROD for last year. (Round "Margin", Turnover and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? 1. Average operating assets 2. Margin Turnover ROI 3 Residual income