Financial data for Joel de 0 . 6 $ Joel de Paris, Inc. Balance Sheet Beginning Balance 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 $ 130,000 344,000 560,000 806,000 401,000 250,000 $ 2,491,000 401,080 $ 127,000 489,000 483,000 7 81,000 433,000 250,000 $2,563,000 Accounts payable $ 389,000 1,048,000 1,054,000 $ 2,491,000 $ 331,000 1,048,000 1,184,000 $2,563,000 O Joel de Paris, Inc IBC Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense lun EN Total liabilities and stockholders' equity Check $ 2,491,000 $2,563,000 $ Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 111,000 Tax expense 192.000 Net Income 4,278,000 3,721,560 556,140 303,000 253,140 The company paid dividends of $123 140 last year. The "Investment 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 "ROT" to 2 decimal places.) 3. What was the company's residual income last year? 1 12 Average operating assets Marcin Prey 5 35 Nort