Financial data for Joel de Paris, Incorporated, for last year follow: Ending Balance Joel de Paris, Incorporated Balance Sheet Beginning Balance Assets Cash $ 135,000 Accounts receivable 341,000 Inventory 574,000 Plant and equipment, net 880,000 Investment in Buisson, S.A. 408,000 Land (undeveloped) 246,000 Total assets $ 2,584,000 Liabilities and Stockholders' Equity Accounts payable $ 371,000 Long-term debt 1,043,000 Stockholders' equity 1,170,000 Total liabilities and stockholders' equity $ 2,584,000 $ 139,000 483,000 482,000 866,000 428,000 246,000 $ 2,644,000 $ $ 346,000 1,043,000 1,255,000 $ 2,644,000 Joel de Paris, Incorporated Income Statement Sales $ 4,095,000 Operating expenses 3,521,700 Net operating income 573,300 Interest and taxes: Interest expense $ 127,000 Tax expense 202,000 329,000 Net income $ 244,300 The company paid dividends of $159,300 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. Average operating assets 2. Margin 2. Turnover % 2. ROI % 3. Residual income