Financial data for Joel de Paris, Incorporated, for last year follow Joel de Paris, Incorporated 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 $ 131,000 346,000 577,000 796, eee 390,000 248, eee $ 2,488,000 $ 131,eee 487,000 473,000 799,000 431,000 254,888 $ 2,575,000 nces $ 380,000 960, eee 1,148,000 $ 2,488,000 $ 334,000 960,000 1,281,800 $ 2,575,000 Joel de Paris, Incorporated Income statement sales Operating expenses Net operating income Interest and taxes: Interest expense $ 115,000 Tax expense 206,eee Net income $ 4,301,000 3,526,820 774,180 321, eee $ 453, 180 The company paid dividends of $320,180 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. Average operating assets 2 Margin 2 Turnover 2 ROI 3. Residual income %