- Financial data for LandShark, Inc., for last year follow: LandShark, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash $ 134,000 $134,000 Accounts receivable 333,000 471,000 Inventory 576,000 489,000 Plant and equipment, net 797,000 786,000 Investment in ABC, Inc. 394,000 434,000 Land (undeveloped) 248,000 253,000 Total assets $2,482,000 $2,567,000| Liabilities and Stockholders' Equity Accounts payable $380,000 $345,000 Long-term debt 975,000 975,000 Stockholders' equity 1,127,000 1,247,000 Total liabilities and stockholders' equitys2,482,000|,567,000|| LandShark, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense S 119,000 Tax expense 197,000 Net income $3,906,000 3,281,040 624,960 316,000 $308,960 The company paid dividends of $188,960 last year. The "Investment in ABC, Inc.," on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 15%. Required: 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.) What was the company's residual income last year