Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets Cash Accounts receivable Balance Sheet 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 Beginning Balance $ 131,000 343,000 562,000 884,000 409,000 248,000 $ 2,577,000 $ 374,000 952,000 1,251,000 $ 2,577,000 Ending Balance $ 133,000 488,000 476,000 863,000 429,000 250,000 $ 2,639,000 $ 349,000 952,000 1,338,000 $ 2,639,000 13 Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: $ 4,462,000 3,703,460 758,540 Net operating income Interest expense Tax expense Net income $ 117,000 206,000 323,000 $ 435,540 The company paid dividends of $348,540 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? Answer is not complete. 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income 0.17% 1.62 x 0.28 X% $ 362,540