Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Caah 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 126,000 349,000 577,000 878,000 394,000 251,000 $ 2,575,000 $ 136,000 483,000 470,000 881,000 430,000 250,000 $2,650,000 $ 376,000 1,001,000 1,198.000 $ 2,575,000 $ 348,000 1,001,000 1,301,000 $ 2,650,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 118,000 Tax expense 209.000 Net income $ 4,485.000 3,946,800 538.200 327.000 211,200 The company paid dividends of $108,200 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%. 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 ROI Residual income 3