Balance Sheet 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 Beginning Balance $ 127,000 332,000 574,000 807,000 405,000 248,000 Ending Balanc $ 129,000 473,000 487,000 791,000 $ 2,493,000 $ 381,000 977,000 1,135,000 $ 2,493,000 426,000 246,000 $ 2,552,000 $ 336,000 977,000 1,239,000 $ 2,552,000 Joel de Paris, Incorporated Income Statement Sales $ 4,092,000 Operating expenses Net operating income 3,519,120 572,880 Interest and taxes: Interest expense $ 121,000 Tax expense 196,000 317,000 $ 255,880 Net income The company paid dividends of $151,880 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 % %