Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning 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 $ 137,000 331,000 561,000 851,000 403,000 249,000 $ 2,532,000 $ 380,000 987,000 1,165,000 Ending Balance $ 128,000 477,000 479,000 836,000 425,000 254,000 $ 2,599,000 $ 344,000 987,000 1,268,000 $ 2,532,000 $ 2,599,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Net operating income Interest and taxes: $ 114,000 191,000 Interest expense Tax expense Net income $ 3,990,000 3,351,600 638,400 305,000 $ 333,400 The company paid dividends of $230,400 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 % %