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 $ 137,000 350,000 569,000 784,000 399,000 250,000 $ 2,489,000 $ 140,000 481,000 478,000 781,000 433,000 254,000 $ 2,567,000 $ 371,000 962,000 1,156,000 $ 2,489,000 $ 339,000 962,000 1, 266,000 $ 2,567,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 112,000 Tax expense 195,000 Net income $ 3,906,000 3,359,160 546,840 307,000 239, 840 The company paid dividends of $129,840 last year. The "Investment in Bulsson, 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 places.) 3. What was company's residual income last year? 1. 2. Average operating assets Margin Turnover % ROI % 3. Residual income 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 $ 137,000 350,000 569,000 784,000 399,000 250,000 $ 2,489,000 $ 140,000 481,000 478,000 781,000 433,000 254,000 $ 2,567,000 $ 371,000 962,000 1,156,000 $ 2,489,000 $ 339,000 962,000 1, 266,000 $ 2,567,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 112,000 Tax expense 195,000 Net income $ 3,906,000 3,359,160 546,840 307,000 239, 840 The company paid dividends of $129,840 last year. The "Investment in Bulsson, 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 places.) 3. What was company's residual income last year? 1. 2. Average operating assets Margin Turnover % ROI % 3. Residual income