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 Beginning Balance $ 127,000 345,000 570,000 848,000 400,000 246,000 $ 2,536,000 Ending Balance $ 125,600 484,000 478,000 843,800 434,000 252,eee $ 2,616,000 $ 389,000 $ 346,000 1,010,000 1,010,000 1,137,000 1,260,000 $ 2,536,000 $2,616,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating Income Interest and taxes: Interest expense $ 110,000 Tax expense 204,000 Net income $ 5,157,000 4,331, 880 825, 120 314,000 511,120 The company paid dividends of $388,120 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? $ 2,855,000 % 1 Average operating assets 2 Margin Turnover ROI 3 Residual income 22