2 Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance 7 points s 133,000 341,000 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 567,000 849,000 396,000 250,000 $ 2,536,000 $ 134,000 485,000 427,000 824,000 425,000 247,000 $ 2,602,000 Print References $ 385,000 1,019,000 1, 132,000 $ 2,536,000 $ 345,000 1,019,000 1,238,000 $ 2,602,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 127,000 Tax expense 200,000 Net income $ 4,202,000 3,697,760 504,240 327,000 177,240 $ The company paid dividends of $71,240 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? 1. Average operating assets Margin 2. % Turnover ROI % 3. Residual income