Financial data for Joel de Paris, Inc., for last year follow 00:58:50 Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash $ 133,000 $ 136,000 Accounts receivable 331,000 480,000 Inventory 577,000 486,080 Plant and equipment, net 849,000 828,000 Investment in Buisson, S.A. 395,000 431,000 Land (undeveloped) 246,000 251,000 Total assets $2,531,000 $2,612,600 Liabilities and Stockholders' Equity Accounts payable $ 385,000 $ 339,000 Long-term debt 1,044,000 1,844,000 Stockholders' equity 1,102,000 1,229,000 Total liabilities and stockholders' $2,531,000 $2,612,000 equity Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $124, eee Tax expense 193,000 Net income $4,011,800 3,409,350 601,650 317,800 $ 284,650 The company paid dividends of $157,650 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% The company paid dividends of $157,650 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 (ROIfor 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