Financial data for Joel de Paris, Inc, for last year follow Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Accounts receivable Inventory Plant and equipernt, 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 140,000 450,000 320,000 688,089 250,000 180,eee $ 2,020,000 5 120,000 530,000 380,000 620,000 280,000 170,000 $2,100,000 $ 360,000 1,500,000 160.09 2.28.89 310, eee 1.500.000 292.ee 2.100.000 $ $ Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense S 150,000 Tax expense 110, Net income $ 4,050.000 3,645,000 405,000 260,000 The company paid dividends of $15.000 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 (Round "Turnover to 1 decimal place.) 3. What was the company's residual income last year? Average operating assets Margin Turnover RO! Residual income