cial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. 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 137,000 336,000 562,000 815,000 395,000 250,000 $ 2,495,000 $ 134,000 487,000 488,000 781,000 427,000 246,000 $ 2,563,000 $ 390,000 989,000 1,116,000 $ 2,495,000 $ 337,000 989,000 1,237,000 $ 2,563,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 127,000 Tax expense 199,000 Net income $ 4,488,000 3.725,040 762,960 326,000 436,960 Interest and taxes Interest expense Tax expense Net Income 127,0 199,000 326, 436,960 The company paid dividends of $315,960 last year. The "vestment in Buisson, SA." 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? ce 1 2 % Average operating austo Margin Tumover ROL Residual income % 3