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 Ending Balance $ 130,000 $ 129,000 343,000 489,000 579,000 470,000 828,000 832,000 405,000 426,000 245,000 254,000 $ 2,600,000 $ 2,530,000 $ 385,000 1,045,000 1,100,000 $ 2,530,000 $ 345,000 1,045,000 1,210,000 $ 2,600,000 Sales Joel de Paris, Incorporated Income Statement $ 3,800,000 3,192,000 608,000 Operating expenses Net operating income Interest and taxes: Interest expense Tax expense $ 117,000 205,000 322,000 Sales Joel de Paris, Incorporated Operating expenses Income Statement Net operating incone Interest and texes: Interest expense Tax expense Net income $117,000 205,000 $ 3,800,000 3,192,000 608,000 322,000 $286,000 The company paid dividends of $176,000 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 (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 $6 %