Balance Balance $ $ 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 130,000 339,000 576,000 885,000 397,000 252,000 2,579,000 138,000 485,000 471,000 876, 000 431.000 255,000 2,656,000 $ $ $ 380,000 1,023, 000 1,176,000 $ 2,579,000 $ 338,000 1,023, 000 1,295,000 $ 2,656,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 129,000 Tax expense 192,000 Net income $ 4,095,000 3,562,650 532,350 321,000 211,350 $ The company paid dividends of $92,350 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 Margin Turnover ROI Residual income 3