Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S. A. Land (undeveloped) Total assets Incorporated Balance Sheet Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity Beginning Balance $ 127,000 340, 000 563,000 810,000 394, 000 252, 000 $ 2,486,000 $ 378,000 1,042, 000 1,066, 000 $ 2,486,000 Ending Balance $ 132,000 488, 000 474,000 786, 000 427,000 252, 000 $ 2,559,000 $ 339,000 1,042, 000 1, 178, 000 $ 2,559,000 Sales Joel de Paris, Incorporated Income Statement $ 3, 720,000 Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income 3,087, 600 632, 400 $ 121,000 195,000 316,000 $ 316,400 The company paid dividends of $204,400 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 (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. ROI 3. Residual income % %