Financial data for Joel de Paris, Incorporated, for last year follow: Ending Balance Joel de Paris, Incorporated Balance Sheet Beginning Balance Assets Cash $ 127,000 Accounts receivable 339,000 Inventory 560,000 Plant and equipment, net 844,000 Investment in Buisson, S.A. 399,000 Land (undeveloped) 245,000 Total assets $ 2,514,000 Liabilities and Stockholders' Equity Accounts payable $ 373,000 Long-term debt 1,028,000 Stockholders' equity 1,113,000 Total liabilities and stockholders' equity $ 2,514,000 $ 140,000 489,000 472,000 809,000 426,000 249,000 $ 2,585,000 $ 339,000 1,028,000 1,218,000 $ 2,585,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 116,000 Tax expense 207,000 Net income $ 4,536,000 3,855,600 680,400 323,000 $ 357,400 The company paid dividends of $252,400 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 "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? % 1. Average operating assets Margin 2. Turnover 2. ROI 3. Residual income %