Assets Joel de Paris, Incorporated Balance Sheet Cash Accounts receivable Inventory Plant and equipment, net Beginning Balance Ending Balance $ 129,000 340,000 563,000 818,000 401,000 246,000 $ 2,497,000 $ 373,000 1,026,000 1,098,000 $ 127,000 489,000 479,000 795,000 428,000 245,000 $ 2,563,000 $ 330,000 1,026,000 1,207,000 $ 2,497,000 $ 2,563,000 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 Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense $ 112,000 206,000 $ 4,301,000 3,698,860 602,140 318,000 Net income $ 284,140 The company paid dividends of $175,140 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 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. Note: 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 % %