Financial data for Joel de Paris, Inc, for last year follow Balance Sheet Beginning Ending Assets Cash 127,000 131,000 342,000 577,809 864,009 408,000 249,860 2,567,000 2,630,000 Accounts receivable 484,900 478,000 Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) 857,000 433,000 Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity 389,000 $346,000 990,900 990,000 Total liabilities and stockholders equity $2,567,000 2,630,606 Joel de Paris, Inc. ncone Statenent Sales Operating expenses Net operating Income Interest and taxes: s 5,211,000 677,430 Interest expense Tax expense 5 123,0e0 210,000333,000 344,43 Net income The company paid dividends of $238.430 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: 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? 2,63,868 Sales s5,211,ee0 533,570 677,430 Print Operating expenses Net operating incone Interest and taxes: Interest expense Tax expense s 123,800 218, 000333,999 $ 344,438 Net income The company paid dividends of $238.430 last year. The "Investment in Buisson, S.A.T 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 round your final answers to 2 decimal places 3. What was the company's residual income last year? RO) for last year Do not round intermediate calculations and Average operating assets 2 Margin Tumover ROI 3 Residual income Next K Prey 2 of 6