5 Dok int Financial data for Joel de Paris, Incorporated, for last year follow Joel de Paris, Incorporated Balance Sheet Beginning Ending Balance Balance Assets Cash $ 133,000 $ 133,00 Accounts receivable 349,000 487,000 Inventory 568,000 485,000 Plant and equipment, net 830,000 815,000 Investment in Buisson, S.A. 403,000 432,000 Land (undeveloped) 247,000 254,800 Total assets $ $ 2,530,088 2,686,000 Liabilities and Stockholders Equity Accounts payable $ 389,000 $ 330,00 Long-term debt 999,000 999,000 Stockholders' equity 1,142,000 1,277, e88 Total liabilities and $ $ stockholders' equity 2,530,00 2,686,00 ence Joel de Paris, Incorporated Income Statement Sales 5,130,000 Operating expenses 4,286,600 Net operating income 923,400 Interest and taxes: Interest $ expense 115,000 Tax expense 207, eee 322,000 Net income $ 601,400 The company paid dividends of $466,400 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 (Ron 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 2. Margin 2. Turnover 2. ROI 3. Residual income $ 1.900.000 18.00% 9