Balance Sheet Beginning Balance Ending 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 $ 126,000 343,000 570,000 851,000 404,000 252,000 $ 2,546,000 $ 133,000 471,000 480,000 846,000 429,000 248,000 $ 2,607,000 $ 377,000 956,000 1,213,000 $ 2,546,000 $ 350,000 956,000 1,301,000 $ 2,607,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 127,000 Tax expense 205,000 Net income $ 4,202,000 3,445,640 756,360 332,000 424, 360 The company paid dividends of $336,360 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 $ 2. Average operating assets Margin Turnover ROI 1,910,000 0.18% 2.201 0.29% 3. Residual income $ 469,8601