Saved Financial data 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 Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 140,000 339,000 574,000 837,000 409,000 255,000 $ 2,554,000 $ 132,000 482,000 472,000 844,000 430,000 251,000 $ 2,611,000 $ 374,000 989,000 1,191,000 $ 2,554,000 $ 347,000 989,000 1,275,000 $ 2,611,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 113,000 Tax expense 190,000 Net income $ 4,584,000 3,804,720 779, 280 303,000 476,280 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 113,000 Tax expense 190,000 Net income $ 4,584,000 3,884,720 779, 280 303,000 $ 476,280 The company paid dividends of $392,280 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 "Ror" to 2 decimal places.) 3. What was the company's residual income last year? 1. 2 % Average operating at Margin Turnover ROI Residual income 3