dia 10 Joerera, 101 10W Joel de Paris, The 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 Longtern debt Stockholders' equity Total liabilities and stockholders equity $ 126,000 $ 1.12,000 348,000 454,000 572,000 477,000 874,000 367,000 437,000 433,000 254,000 245,000 5 2.583.000 $ 2,635,000 5 377,000 989.00 1.215,000 $ 2,581,000 5 340,000 989,000 1.307.000 $ 2,636,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 126,000 Tax expense 191.00 Net income $ 5,235,000 4.295.260 942, 140 5 217.000 625, 040 The company paid dividends of $533,840 last year. The investment in Bursson, 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 retum on investment (RON) for last ar (Round "Margin", "Turnover" and "Ror to 2 decimal places.) 3. What was the company's residual income last year? 1 2 Average rating ass Margin Turner ROI