IULd L Liabilities and SLocknoLuers equity Joel de Paris, Inc. Income Statement Sales $ 5, 320, 000 Operating expenses 4, 468, 800 Net operating income 851, 200 Interest and taxes: Interest expense $ 126, 000 Tax expense 207, 000 333, 000 Net income $ 518, 200 The company paid dividends of $409,200 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 $ 1,900,000 2. Margin 16.00 % Turnover 2.80 ROI 44.80 % 3. Residual incomeA family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector industry. Supply the missing data in the table below: (Loss amounts should be indicated by a minus sign. Round your percentage answers to nearest whole percent.) Company A B C Sales $ 9,120,000 $ 7,200,000 $ 4,680,000 Net operating income S 290,000 Average operating assets $ 3,040,000 $ 1,872,000 Return on investment (ROI) 11 % 20 % % Minimum required rate of return: Percentage 9 % 13 Dollar amount 261,000 Residual income $ 93,600Financial data for Joel de Paris, Inc.. for last year follow: assets Cash 5 140,000 $ 135,000 Accounts receivable 335,000 415,000 Inventory 552,000 405,000 Plant and equipment, net 043,000 020,000I Investment in Buisson, 5.0. 406,000 431,000 Land {undeveloped} 249,000 245,000 Total assets 5 2,535,000 $ 2,595,000 Liabilities and Stockholders' Equity Accounts payable $ 302,000 $ 334,000 Long-tern debt 1,001,000 1,007,000 Stockholders' equity 1,145,000 1,255,000 Total liabilities and stockholders' equity $253509\" $2J5QEJBW Sales $ 5,320,000 Operating expenses 4,460,000 Net operating income 051,200 Interest and taxes: Interest expense 5 126,000 Tax expense 201,000 333,000 Net income $ 5134.233 The company paid dividends of $409,200 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