Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets Cash Accounts receivable Plant and equipment, net Inventory Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Balance Sheet Stockholders' equity Total liabilities and stockholders' equity Joel de Paris, Incorporated Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $4,656,000 4,004,160 651,840 $121,000 103 000 314,000 Beginning Balance Ending Balance $132,000 $132,000 337,000 477,000 576,000 478,000 875,000 873,000 397,000 247,000 $ 2,564,000 $377,000 1,033,000 1,154,000 $ 2,564,000 435,000 247,000 $ 2,642,000 $340,000 1,033,000 1,269,000 $ 2,642,000 Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net Income $ 121,000 193,000 $ 4,656,eve 4,004,160 651,840 314,000 $337,840 The company paid dividends of $222,840 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 Tumover 2. ROI 3. Residual income % %