Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets Cash Balance Sheet Beginning Balance $ 130,000 Ending Balance $ 135,000 Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Stockholders' equity 350,000 568,000 802,000 396,000 249,000 $ 2,495,000 $ 388,000 959,000 1,148,000 488,000 479,000 788,000 427,000 254,000 $ 2,571,000 $ 333,000 959,000 1,279,000 Long-term debt Total liabilities and stockholders' equity $ 2,495,000 $ 2,571,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income $ 112,000 201,000 $ 3,927,000 3,220,140 706,860 313,000 $ 393,860 The company paid dividends of $262,860 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 % %