Financial data for Joel de Paris, Inc., for last year follow: Ending Balance Joel de Paris, Inc. Balance Sheet Beginning Balance Assets Cash $ 136,200 Accounts receivable 348,000 Inventory 572,000 Plant and equipment, net 814,000 Investment in Buisson, I S.A. 393, 000 Land (undeveloped) 252,000 Total assets $2,515,000 Liabilities and Stockholders' Equity Accounts payable $ 381,000 Long-term debt 959, 000 Stockholders' equity 1,175,000 Total liabilities and stockholders' equity $2,515,000 $ 136,000 479,000 473,000 822,000 429,000 252,000 $2,591,000 $ 341,000 959, 000 1,291,000 $2,591,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $113,000 $3,969,000 3,413, 340 555,660 The company paid dividends of $134,660 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. Using the formula in the Chapter 11. Compute the company's margin, turnover and return on investment (RON for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? 1 Average operating sols Margin over Trol 13 Resisual incom