Assets Cash Accounts receivable Inventory Plant and equipment, net Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance $ 139,000 $ 130,000 335,000 481,000 560,000 485,000 866,000 844,000 482,000 433,000 252,000 248,000 $2,554,000 $2,621,000 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 $ 376,000 $ 344,000 1,043,000 1,135,000 $2,554,000 1,043,000 1,234,000 $2,621,000 Sales Joel de Paris, Inc. Income Statement Operating expenses Net operating income Interest expense Interest and taxes: Tax expense Net income $ 4,992,000 4,143,360 848,640 $114,000 197,000 311,000 $ 537,640 The company paid dividends of $438,640 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 (RO) for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? < Prev 7 of 27 Next >> 1. Average operating assets 2 3. Margin Tumover RO Residual income % %