Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable 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 Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income 119,000 199,000 Beginning Balance Ending Balance $ 135,000 331,000 $ 128,000 484,000 576,000 480,000 858,000 400,000 255,000 848,000 428,000 252,000 $ 2,555,000 $ 375,000 1,046,000 1,134,000 $ 2,555,000 $ 4,032,000 3,427,200 604,800 318,000 $ 286,800 $ 2,620,000 $ 349,000 1,046,000 1,225,000 $ 2,620,000 The company paid dividends of $195,800 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. Note: Round "Margin", "Turnover" and "ROI" 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 % %