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 $129,000 140,000 485,000 479,000 796,000 429,000 254,000 $ 2,504,000 2,583,000 332,000 579,000 820,000 392,000 252,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $378,000 340,000 1,033,000 1,093,0001,210,000 $ 2,504,000 2,583,000 1,033,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: 4,324,000 3,761,880 562,120 $120,000 Interest expense Tax expense 200,000320,000 242,120 Net income The company paid dividends of $125,120 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