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) $ 129,000 346,000 571,000 804,000 405,000 245,000 $ 2,500,000 $ 131,000 478,000 484,000 797,000 428,000 255,000 $ 2,573,000 Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 382,000 1,025,000 1,093,000 $ 2,500,000 $ 337,000 1,025,000 1,211,000 $ 2,573,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 129,000 Tax expense 205,000 Net income $ 5,049,000 4,190,670 858,330 334,000 524,330 $ The company paid dividends of $406,330 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. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? 1. 2. Average operating assets Margin Turnover ROI 3. Residual income