Assets Cash Accounts receivable Joel de Paris, Incorporated Balance Sheet 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 Joel de Paris, Incorporated Income Statement Beginning Balance $ 126,000 344,000 Ending Balance $ 132,000 484,000 564,000 876,000 394,000 485,000 849,000 431,000 251,000 248,000 $ 2,552,000 $ 381,000 980,000 1,191,000 $ 2,632,000 $ 335,000 980,000 1,317,000 $ 2,552,000 $ 2,632,000 Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income $ 121,000 203,000 $ 4,632,000 3,890,880 741,120 324,000 $ 417,120 The company paid dividends of $291,120 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 (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 % %