2. Fill in the missing information. (Round the "Turnover" and "ROI" answers to 2 decimal places.) Company B $ 2,344,000 $ 421,920 Sales Net operating income Average operating assets Margin Turnover Return on investment (ROI) $ 4,313,000 $ 474,430 $ 2,270,000 % % $ 3,320,000 71% 1.80 % % 14,40 % 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 $ 136,000 337,000 570,000 817,000 402,000 251,000 $ 2,513,000 $ 139,000 482,000 470,000 809,000 426,000 247,000 $ 2,573,000 $ 378,000 968,000 1,167,000 $ 2,513,000 $ 348,000 968,000 1,257,000 $ 2,573,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 123,000 Tax expense 201,000 Net Income $ 4,512,000 3,744,960 767,040 324,000 443,040 $ The company paid dividends of $353,040 last year. The "Investment in Buisson, S.A." on the balance sheet represents an inv. In the starten Themen wie foten 10 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interent and taxes Interest expense $ 123,000 tax expense 201.000 Net income $ 4,512,000 3.744.960 767,040 324,000 443,040 $ The company paid dividends of $353,040 last year. The "Investment in Bulsson, 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? 2. % Average operating assets Margin Turnover ROI Residual income 3