Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Assets Cash Accounts receivable Inventory $ 129,000 339,000 578,000 854,000 Ending Balance $ 136,000 475,000 487,000 842,000 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 392,000 252,000 $ 2,544,000 $ 379,000 1,039,000 1,126,000 427,000. 252,000 $ 2,619,000 $ 334,000 1,039,000) 1,246,000 $ 2,544,000 $ 2,619,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses $ 4,032,000 3,467,520 Net operating income 564,480 Interest and taxes: Interest expense Tax expense $ 115,000 208,000 323,000 $ 241,480 Net income The company paid dividends of $121,480 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.) 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 % %