Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Assets Cash $ 132,000 Accounts receivable 340,000 Inventory 578,000 Plant and equipment, net 820,000 Investment in Buisson, S.A. 392,000 Land (undeveloped) 254,000 Total assets $ 2,516,000 Liabilities and Stockholders' Equity Accounts payable $ 374,000 Long-term debt 1,037,000 Stockholders' equity 1,105,000 Total liabilities and stockholders' equity $ 2,516,000 Ending Balance $ 137,000 472,000 482,000 819,000 430,000 252,000 $ 2,592,000 $ 344,000 1,037,000 1,211,000 $ 2,592,000 Joel de Paris, Incorporated Income Statement Sales $ 4,725,000 Operating expenses 4,016,250 Net operating income 708,750 Interest and taxes: Interest expense $ 117,000 Tax expense 201,000 318,000 Net income $ 390,750 The company paid dividends of $284,750 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? 15.001% 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income %