Financial data for Joel de Paris, Inc., for last year follow: Assots Cash Accounts receivable Inventory Plant and equipment, net Joel de Paris, Inc. Balance Sheet Beginnings Ending Balance Balance $ 136,000 127,000 333,000 476,000 579,000 481,000 812,000 616,000 408,000 429,000 251,000 255,000 $2,519,000 $2,584.000 Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-tern debt Stockholders' equity Total liabilities and stockholders' equity $ 373,000 993,000 1,153,000 $2,519,000 347,000 993,000 1,244,000 $2,584,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Intereat and taxess Net operating income Interest expense Tax expanse Net Incone $5,264,000 4,579,600 684,320 $113,000 206,000 319,000 365,320 The company paid dividends of $274,320 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. (Do not round intermediate calculations and Sales Joel de Paris, Inc. Income Statement Operating expenses Net operating income Intereat and taxes: Interest expense Tax expense Net income $5,264,000 4,579,680 684,320 $113,000 206,000 319,000 $ 365,320 The company paid dividends of $274,320 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual Income last year? 1. Average operating assets: 2. Margin 3. Tumover ROL Residual income % %