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 $ 128,eee 345, eee 578,eee 799, eee 393, eee 246,000 $ 2,489, eee $ 130,000 473, eee 488,eee 799,eee 429,000 252,eee $ 2,571,eee $ 377,600 976, eee 1,136,eee $ 2,489, eee $ 344, eee 976,000 1,251,000 $ 2,571,000 Joel de Paris, Inc. Income statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 127,000 Tax expense 193,000 Net income $ 3,740,000 3,216,400 523,600 320,eee 203,6ee $ The company paid dividends of $88,600 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 Residual income 3