Financial data for Joel de Paris, Inc., for last year follow: Assets Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance $ 131,000 $ 139,000 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 336,000 479,000 560,000 478,000 863,000 834,000 405,000 434,000 248,000 253,000 $2,543,000 $ 2,617,000 $ 382,000 $ 336,000 1,010,000 1,010,000 1,151,000 1,271,000 $2,543,000 $ 2,617,000 Sales Joel de Paris, Inc. Income Statement Operating expenses Net operating income Interest expense $ 4,202,000 3,697,760 504,240 Interest and taxes: $ 114,000 Tax expense 201,000 315,000 $ 189,240 Net income The company paid dividends of $69,240 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 places.) 3. What was the company's residual income last year? Answer is complete but not entirely correct. 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 405,000 248,000 $2,543,000 434,000 253,000 $ 2,617,000 $ 382,000 $ 1,010,000 1,151,000 336,000 1,010,000 1,271,000 $2,543,000 $ 2,617,000 Sales Joel de Paris, Inc. Income Statement Operating expenses Net operating income Interest expense $ 4,202,000 3,697,760 504,240 Interest and taxes: $ 114,000 Tax expense 201,000 315,000 $ 189,240 Net income The company paid dividends of $69,240 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 places.) 3. What was the company's residual income last year? Answer is complete but not entirely correct. Average operating 1. assets 2. Margin Turnover 3. ROI 434,000 12.00 % 1.96 23.00 X % Residual income $ 182,340 x