Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet 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 Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: Beginning Balance $ 125,000 341,000 567,000 Ending Balance $ 138,000 476,000 837,000 409,000 253,000 484,000 812,000 427,000 248,000 $ 2,532,000 $ 2,585,000 $ 379,000 1,007,000 1,146,000 $ 336,000 1,007,000 1,242,000 $ 2,532,000 $ 2,585,000 $ 4,914,000 4,078,620 835,380 Net operating income Interest expense Tax expense Net incone $ 119,000 197,000 316,000 $ 519,380 The company paid dividends of $423,380 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 (ROI) 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 assets 2. Margin % AVELING BUDUR, .n. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity 253,000 248,000 $2,532,000 $ 2,585,000 $379,000 1,007,000 $ 336,000 1,146,000 1,007,000 1,242,000 $ 2,532,000 $ 2,585,000 Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Joel de Paris, Incorporated $ 4,914,000 4,078,620 835,380 $ 119,000 197,000 3 Net income. 316,000 $ 519,380 The company paid dividends of $423,380 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 (ROI) 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 assets 2. Margin 2. Turnover 2. ROI 3. Residual income % % Che