Financial data for Joel de Paris, Incorporated, for last year follow: Ending Balance Joel de Paris, Incorporated Balance Sheet Beginning Balance Assets Cash $ 126,000 Accounts receivable 350,000 Inventory 572,000 Plant and equipment, net 782,000 Investment in Buisson, S.A. 406,000 Land (undeveloped) 251,000 Total assets $ 2,487,000 Liabilities and Stockholders' Equity Accounts payable $ 373,000 Long-term debt 975,000 Stockholders' equity 1,139,000 Total liabilities and stockholders' equity $ 2,487,000 $ 130,000 474,000 476,000 790,000 428,000 250,000 $ 2,548,000 $ 330,000 975,000 1,243,000 $ 2,548,000 Joel de Paris, Incorporated Income Statement Sales $ 4,995,000 Operating expenses 4,345,650 Net operating income 649,350 Interest and taxes: Interest expense $ 114,000 Tax expense 195,000 309,000 Net income $ 340, 350 The company paid dividends of $236,350 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? 1. Average operating assets 2. Margin 2. Turnover % 2. ROI % 3. Residual income