Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment, net Beginning Balance Ending Balance $ 132,000 $128,000 340,000 488,000 574,000 477,000 814,000 807,000 401,000 428,000 248,000 251,000 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 Joel de Paris, Incorporated Income Statement Sales Operating expenses Net operating income Interest and taxes: $ 115,000 Tax expense 281,000 $ 2,509,000 $2,579,000 $389,000 958,000 1,162,000 $ 2,509,000 $ 4,136,000 3,556,968 579,040 $ 343,000 958,000 1,278,000 $2,579,000 Interest expense Net income 316,000 $263,040 The company paid dividends of $147,040 last year. The "Investment in Buisson, SA," on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return 15%. The company paid dividends of $147,040 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 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year? Answer is complete but not entirely correct. 1. Average operating assets 2. Margin $ 2,544,000 14.00 % 2. Tumover 1.63 2. ROI 23.00% 3. Residual income $ 197,440