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 Duisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders equity Total liabilities and stockholders' equity $ 137,000 340,000 572,000 851,000 396,000 249,000 $ 2,545,000 $ 133,000 472,000 475,000 860,000 426,00 252,000 $ 2,618,000 $ 377,99 973,000 1,195,000 $ 2,545,000 $ 342,000 973,000 1,309,000 5 2,618,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Het operating income Interest and taxes Interest expense $ 122,000 Tax expense 209,000 Net Income $ 4,800,000 3,984,000 816,000 331,000 485,000 The company paid dividends of $377,000 last year. The "Investment in Buisson, SA on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 15% Interest expense Tax expense Net income $ 122,000 209,000 331,000 485,000 $ The company paid dividends of $377,000 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? 1 2 % Average operating assets Margir Turnover ROI Residual income 9 13