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 $ 133,000 339,000 576,000 872,000 400,000 252,000 $ 2,572,000 $ 127,000 483,000 485,000 865,000 428,000 247,000 $2,635,000 $ 379,000 999,000 1,194,000 $ 2,572,000 $ 349,000 999,000 1,287,000 $ 2,635,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 122,000 Tax expense 197,000 Net income $ 5,432,000 4,617,200 814,800 319,000 495,800 $ The company paid dividends of $402,800 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 15.00% Turnover ROI Residual income