6 Beginning Ending Balance Balance $ 132,eee $ 133, ce 345, eee 481,800 560,eee 472.000 833, eee 824, eee 391,600 426,000 251,000 247,000 $ 2,512,000 $ 2,583,080 135 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 oints 389,000 1,039,000 1,084, eee $ 2,512,000 334,800 1,839,000 1,210, eee $. 2,583,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 119,000 Tax expense 206,809 Net income $ 5,103,800 4,235,490 867,518 325,000 5 542,51e The company paid dividends of $416,510 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? Answer is complete but not entirely correct. 1 2 Average operating assets Margin Turnover ROI Residual income $ 190,000 17.00% 240 X 40.80 % S 490,200 X 3