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 $ 138,000 346,000 576,000 820,000 403,000 251,000 $ 2,534,000 $ 132,000 475,000 484,000 829,000 430,000 254,000 $ 2,604,000 $ 371,000 1,014,000 1,149,000 $ 2,534,000 $ 332,000 1,014,000 1, 258, een $ 2,604,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 123,000 Tax expense 196,000 Net income $ 4,560,000 3,784,800 775,200 319,000 456,200 $ investment The company paid dividends of $347,200 last year. The "Investment in Buisson, S.A.," on the balance sheet represents 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