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 S 139,000 $ 140,000 334,000 490,000 579,000 481,000 818,000 799,000 429,000 252,000 406,000 250,000 $ 2,526,000 $2,591,000 $ 383,000 1,020,000 1,123,000 $ 341,000 1,020,000 1,230,000 $2,591,000 $2,526,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Interest and taxes: Net operating incone Interest expense Tax expense Net income $4,347,000 3,608,010 738,990 $121,000 207,000 328,000 $ 410,990 The company paid dividends of $303,990 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 % Tumover ROI % 3. Residual income