Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets Cash Accounts receivable Balance Sheet Beginning Balance $ 131,000 341,000 Ending Balance $ 130,000 475,000 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 570,000 868,000 394,000 254,000 471,000 874,000 427,000 253,000 $ 2,558,000 Total liabilities and stockholders' equity $ 383,000 1,007,000 1,168,000 $ 2,558,000 $ 2,630,000 $ 346,000 1,007,000 1,277,000 $ 2,630,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income $ 129,000 206,000 $ 5,211,000 4,429,350 781,650 335,000 $ 446,650 The company paid dividends of $337,650 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 $ 2,594,000 % 2. Turnover 2. ROI 3. Residual income %