Financial dato for Joel de Paris, Inc. for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending 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 Lone-tern debt Stockholders' equity Total liabilities and stockholders' equity $ 138,000 333,000 563,000 886,080 394,000 249,000 $ 2,483,000 $ 128,000 490,000 476,000 786,000 429,000 255,000 $ 2,564,000 $ 371,000 1,035,000 1,877,800 $ 2,483,000 $ 343,000 1,035,000 1,186,880 $ 2,564,000 Joel de Paris, Inc Income Statenent Sales Operating expenses Net operating incone Interest and taxes: Interest expense $ 111,000 Tax expense 195,000 Net incone $ 5,022,000 4,218,450 893,520 306,000 497,520 $ The company paid dividends of $388,520 last year. The investment in Buisson, SA." 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 (Round "Margin", "Turnover" and "Ror to 2 decimal places.) 3. What was the company's residual income last year? 1 2 96 Average operating assets Margin Turnover ROI Residual income % 3