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 136,000 345,000 561,000 868,000 404,000 249,000 $ 2,563,000 $ 137,000 475,000 476,000 862,000 431,000 245,000 $ 2,626,000 $ 378,000 1,007,000 1,178,000 $ 2,563,000 $ 348,000 1,007,000 1,271,000 $ 2,626,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 118,000 Tax expense 196,000 Net income $ 4, 825,000 4,197,750 627,250 314,000 313,250 $ The company paid dividends of $220,250 last year. The "Investment in Buisson, S.A.," on the balance sheet repe 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 2 Average operating assets Margin Turnover X % ROI Residual income 3