51118 Balance 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 $ 132,000 331,000 568,000 809,000 402,000 248,000 $ 2,490,000 $ 133,000 484,000 470,000 793,000 426,000 252,000 $ 2,558,000 $ 374,000 1,031,000 1,085,000 $ 2,490,000 $ 349,000 1,031,000 1,178,000 $ 2,558,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 114,000 Tax expense 205,000 Net income $ 3,906,000 3,241,980 664, 020 319,000 345,020 $ The company paid dividends of $252,020 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. 2 % Average operating assets Margin Turnover ROI % 3 Residual income