Financial data for Joel de Paris, Incorporated, for last year follow: Ending Balance Joel de Paris, Incorporated Balance Sheet Beginning Balance Assets Cash $ 135,000 Accounts receivable 331,000 Inventory 565,000 plant and equipment, net 869,000 Investment in Buisson, S.A. 395,000 Land (undeveloped) 246,000 Total assets $ 2,541,000 Liabilities and Stockholders' Equity Accounts payable $ 386,000 Long-term debt 1,021,000 Stockholders' equity 1,134,000 Total liabilities and stockholders' equity $ 2,541,000 $ 128,000 488,000 489,000 835,000 428,000 246,000 $ 2,614,000 $ 343,000 1,021,000 1,250,000 $ 2,614,000 Joel de Paris, Incorporated Income Statement Sales $ 4,800,000 Operating expenses 4,032,000 Net operating income 768,000 Interest and taxes: Interest expense $ 123,000 Tax expense 197,000 320,000 Net income $ 448,000 The company paid dividends of $332,000 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 %