Financial data for Joel de Paris, Incorporated, for last year follow: Assets Cash Accounts receivable Inventory Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance $132,000 $ 130,000 338,000 484,000 572,000 482,000 880,000 862,000 397,000 250,000 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 $ 2,567,000 $ 385,000 1,012,000 1,170,000 $ 2,567,000 429,000 248,000 $ 2,637,000 $ 342,000 1,012,000 1,283,000 $ 2,637,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 127,000 Tax expense 209,000 $ 4,074,000 3,381,420 692,580 336,000 Net income $ 356,580 The company paid dividends of $243,580 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 % %