Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Stockholders' equity $ 130,000 341,000 579,000 830,000 408,000 245,000 $ 2,533,000 $ 384,000 980,000 1,169,000 Ending Balance $ 130,000 486,000 479,000 825,000 429,000 248,000 $ 2,597,000 $ 343,000 980,000 1,274,000 Long-term debt Total liabilities and stockholders' equity $ 2,533,000 $ 2,597,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Net operating income Interest and taxes: $ 115,000 199,000 Interest expense Tax expense Net income $ 4,750,000 4,037,500 712,500 314,000 $ 398,500 The company paid dividends of $293,500 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 % %