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Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc Balance Sheet Beginning Ending Balance Balance Assets Cash Accounts receivable

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Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc Balance Sheet Beginning Ending Balance 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 $ 140,000$120,000 530,000 380,000 620,000 280,000 180,000 170,000 $2,020,000 $2,100,000 450,000 320,000 680,000 250,000 $360,000 310,000 1,500,000 1,500,000 160,000 290,66 Long-term debt Stockholders' equity Total liabilities and stockholders $2,020,000 $2,100,000 equity Joel de Paris, Inc Income Statement Sales Operating expenses Net operating income Interest and taxes: $4,850,8ee 3,645,88 465,800 Interest expense $158,000 Tax expense 110,000 260,99 106899 Net income $145,800 the stock of another company The company's minimum required rate of return of 15% Required: 1 Compute the companys average operating assets for last year 2 Compute the company's margin, tumover, and return on investment (ROl for last year, (Round "Turnover" to 1 decimal place.) 3 What was the company's residual jncome last year

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