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 140,000 337,000 576,000 857,000 406,000 250,000 $ 2,566,000 $ 137,000 477,000 475,000 861,000 432,000 245,000 $2,627,000 371,000 989,000 1,206,000 $ 2,566,000 $ 342.000 989,000 1.296,000 $2,627,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 119,000 Tax expense 202,000 Net income $ 4,053,000 3,526, 110 526,890 321,000 205,890 The company paid dividends of $115,890 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. Using the formula in the Chapter 11, Compute the company's margin, turnover, and return on investment (ROI) for last year. (Round The company paid dividends of $115,890 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. Using the formula in the Chapter 11, 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? Average operating assets Margin Tumover ROI Residual income