Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net $ 135,000 333,000 565,000 867,000 $ 136,000 488,000 479,000 837,000 Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity 1,141,000 $ 2,553,000 $ 2,614,000 406,000 426,000 247,000 $ 2,553,000 248,000 $ 2,614,000 $ 382,000 1,030,000 $ 332,000 1,030,000 1,252,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income $ 4,800,000 3,936,000 864,000 $ 124,000 195,000 319,000 $ 545,000 The company paid dividends of $434,000 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?