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, 5.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity 132,000 350,000 561,000 797,000 404,000 251,000 $ 2,495,000 $ 137,000 486,000 184,000 773,000 431,000 253,000 $ 2,564,000 $ 373,000 1,022,000 1,100,000 $ 2,495,000 $ 339,000 1,022,000 1.200,000 $ 2,564,000 Joel de Paris, Inc Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 110,000 Tax expense 198,000 Net Income $ 4,092,000 3,560,040 531,960 5 100.000 223,960 The company paid dividends of $120,960 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%. The company paid dividends of $120,960 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 (RON) 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 ROL Residual income % 3