Assets Joel de Paris, Incorporated Balance Sheet Beginning Balance $ 134,000 Ending Balance $ 139,000 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 349,000 576,000 791,000 398,000 249,000 $ 2,497,000 $ 383,000 960,000 1,154,000 $ 2,497,000 487,000 481,000 783,000 434,000 251,000 $ 2,575,000 $ 341,000 960,000 1,274,000 $ 2,575,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense $ 114,000 193,000 $ 4,862,000 4,181,320 680,680 307,000 Net income $ 373,680 The company paid dividends of $253,680 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. (Round "Margin", "Turnover" and "ROI" 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 % %