Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, 3.A. Land (undeveloped) Total assess Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 127,000 331,000 564,000 B68,000 398,000 246,000 $ 2,534,000 $ 127,000 474,000 472,000 857,000 427,000 245,000 $ 2,602,000 $ $ 386,000 985,000 1,163,000 $ 2,524,000 247,000 985,000 1,270,000 $ 2,602,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 116,000 Tax expense 206,000 Net income $ 5,348,000 4,599, 280 748, 720 322,000 426, 720 $ The company paid dividends of $319,720 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. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year