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 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 Beginning Balance $ 140,000 Ending Balance $ 120,000 530,000 450,000 320,000 380,000 680,000 620,000 250,000 280,000 180,000 170,000 $ 2,020,000 $360,000 1,500,000 160,000 $ 2,020,000 $ 2,100,000 $310,000 1,500,000 290,000 $ 2,100,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses $ 4,050,000 3,645,000 Net operating income 405,000 Interest and taxes: Interest expense $ 150,000 Tax expense 110,000 260,000 $145,000 Net income The company paid dividends of $15,000 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. (Round "Turnover" to 1 decimal place.) 3. What was the company's residual income last year? 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3, Residual income % 96