Financial data for Joel de Paris, Incorporated, for last year follow: Joel de varis, Incorporated Balance Sheet Beginning Balance Assets Cash $ 130,000 Accounts receivable 343,000 Inventory 569,000 Plant and equipment, net 838,000 Investment in Buisson, S.A. 406,000 Land (undeveloped) 246,000 Total assets $ 2,532,600 Liabilities and Stockholders' Equity Accounts payable $ 373,000 Long-term debt 1,000,000 Stockholders' equity 1,159,000 Total liabilities and stockholders' equity $ 2,532,000 Ending Balance $ 139,000 482,000 482,600 817,000 429,000 251,000 $ 2,600,000 $ 333,000 1,000,000 1,267,000 $ 2,600,000 Joel de Paris, Incorporated Income Statement Sales $4,370,000 Operating expenses 3,845,600 Net operating income 524,400 Interest and taxes: Interest expense $ 127,eee Tax expense 198, con 317,00 Net income $207,400 The company paid dividends of $99.400 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: equity 32,532,000 $ 2,600,000 Joel de Paris, Incorporated Income Statement Sales $ 4,370,000 Operating expenses 3,845,600 Net operating income 524,400 Interest and taxest Interest expense $ 127,000 Tax expense 190, een 317, cee Net income $207,400 ces The company paid dividends of $99,400 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 (RO) 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? $ 2,840,000 % 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income %