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 abilities and stockholders' equity $ 134,000 347,800 575,000 864,000 397,000 250,000 $ 2,567,000 133,000 479, eee 479,000 369, eee 431,000 246,000 $ 2,637,00 $ 377,000 956,000 1.234.ee $ 2,567,000 $ 341,000 956,000 1.340,000 $ 2,637,600 Joel de Paris, Inc Income Statenent Sales Operating expenses Net operating income Interest and taxes! Interest expense $ 126,000 Tax expense 203.000 Net Income $ 4,268,000 3,499,760 768.240 329. eee 439.240 5 The company paid dividends of $333,240 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 $333,240 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. Compute the company's margin, turnover, and return on investment (Ron for last year. (Round "Margin", "Turnover" and "Ror 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