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 $ 130,000 334,000 568,000 888,000 395,000 251,000 $ 2,566,000 138,000 471,000 470,000 881,000 431,000 247,000 $ 2,638,000 382,000 954,000 1,230,000 $ 2,566,000 331,000 954,000 1,353,000 $ 2,638,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: $ 4,268,000 3,670, 480 597,520 3,670, 480 597,520 Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 113,000 205,000 318,000 279,520 $ The company paid dividends of $156,520 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. (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