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 $ 133,000 341,000 $ 140,000 478,000 577,000 476,000 829,000 826,000 397,000 432,000 253,000 254,000 $ 2,530,000 $ 373,000 968,000 1,189,000 $ 2,606,000 $ 334,000 968,000 1,304,000 $ 2,530,000 $ 2,606,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Net operating income Interest and taxes: $ 125,000 204,000 Interest expense Tax expense Net income $ 5,130,000 4,411,800 718,200 329,000 $ 389,200 The company paid dividends of $274,200 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 % %