Financial data for Joel de Paris, Incorporated, for last year follow: Ending Balance Joel de Paris, Incorporated Balance Sheet Beginning Balance Assets Cash $ 136,000 Accounts receivable 344,000 Inventory 570,000 Plant and equipment, net 800,000 Investment in Buisson, S.A. 402,000 Land (undeveloped) 246,000 Total assets $ 2,498,000 Liabilities and Stockholders' Equity Accounts payable $ 373,000 Long-term debt 969,000 Stockholders' equity 1,156,000 Total liabilities and stockholders' equity $ 2,498,000 $ 133,000 471,000 475,000 811,000 431,000 248,000 $ 2,569,000 $ 337,000 969,000 1,263,000 $ 2,569,000 Joel de Paris, Incorporated Income Statement Sales $ 5,049,000 Operating expenses 4,392,630 Net operating income 656, 370 Interest and taxes: Interest expense $ 125,000 Tax expense 199,000 324,000 Net income $ 332,370 The company paid dividends of $225,370 last year. The "Investment in Bulsson, 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 assots 2. Margin 2. Turnover 2. ROI 3. Residual income %