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, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 128,000 348,000 573,000 871,000 393,000 254 , $ 2,567,000 $ 135,000 477,000 478,000 870,000 434,000 254 , $ 2,648,000 $ 390,000 1,038,000 1,139,000 $ 2,567,000 $ 341,000 1,038,000 1, 269,000 $ 2,648,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 115,000 Tax expense 194,000 Net income $ 4,462,000 3,881,940 580,260 39 , 271,060 $ 4,462,000 3,881,940 580, 060 Joel de Paris, Inc Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 115,000 Tax expense 194,000 Net Income 309,000 $ 271,060 The company paid dividends of $141,060 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 (ROI) 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