Assets Cash Accounts receivable Inventory Joel de Paris, Incorporated Balance Sheet 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 Joel de Paris, Incorporated Income Statement Sales $ 4,862,000 Operating expenses Net operating income 4,229,940 632,060 Interest and taxes: Interest expense Tax expense $ 122,000 207,000 329,000 $ 303,060 Beginning Balance $137,000 335,000 567,000 811,000 396,000 247,000 Ending Balance $ 138,000 486,000 480,000 786,000 427,000 249,000 $ 2,493,000 $ 380,000 1,031,000 1,082,000 $ 2,566,000 $ 345,000 1,031,000 1,190,000 $ 2,493,000 $ 2,566,000 Net income The company paid dividends of $195,060 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1. Average operating assets 2. Margin 2. Turnover 2. RO 3. Residual income % %