Financial data for Joel de Paris, Incorporated, for last year follow. Joel de Paris, Incorporated Assets Cash Accounts receivable Balance Sheet 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 Joel de Paris, Incorporated Income Statement Beginning Balance $ 126,000 344,000 574,000 856,000 399,000 251,000 $ 2,550,000 $ 380,000 1,004,000 1,166,000 Ending Balance $ 140,000 478,000 480,000 842,000 426,000 248,000 $ 2,614,000 $ 336,000 1,004,000 1,274,000 $ 2,550,000 $ 2,614,000 Sales Operating expenses. Net operating income Interest and taxes: Tax expense $ 121,000 190,000 Interest expense) Net income $ 4,032,000 3,346,560 685,440 311,000 $ 374,440 The company paid dividends of $266,440 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: equity Total liabilities and stockholders' equity Joel de Paris, Incorporated Income Statement Sales Operating expenses $ 4,032,000 3,346,560 Net operating income 685,440 Interest and taxes: Interest expense Tax expense $ 121,000 190,000 311,000 $ 374,440 1,004,000 1,166,000 1,004,000 1,274,000 $ 2,550,000 $ 2,614,000 Net income The company paid dividends of $266,440 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 % %