ences Financial data for Joel de Paris, Incorporated, for last year follow. Joel de Paris, Incorporated Assets Balance Sheet Beginning Balance $128,000 Ending Balance 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 Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: $ 126,000 210,000 Interest expense Tax expense Net income $ 4,268,000 3,542,440 725,560 336,000 $389,560 $ 127,000 345,000 487,000 578,000 479,000 869,000 867,000 406,000 254,000 431,000 245,000 $ 2,580,000 $ 372,000 960,000 1,248,000 $ 2,636,000 $335,000 960,000 1,341,000 $ 2,580,000 $ 2,636,000 The company paid dividends of $296,560 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. Tumover 1 2 ROI 3. Residual income % %6