Financial 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 131,000 343,000 562,000 844,000 396,000 249,000 $ 2,525,000 $ 130,000 472,000 490,000 828,000 434,000 253,000 $2,607,000 $ 389,000 972,000 1,164,000 $ 2,525,000 $ 349,000 972,000 1,286,000 $2,607,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 125.000 Tax expense 195,000 Net income $ 4, 370,000 3,845,600 524,400 320,000 204,400 The company paid dividends of $82,400 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. (Round "Margin". "Turnover" and "ROI" to 2 decimal placer.) 3. What was the company's residual income last year? The company paid dividends of $82,400 last year. The "Investment i represents an investment in the stock of another company. The com 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 investmen "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? 1. Average operating assets Margin Turnover ROI Residual income