Joel de Paris, Inc Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, 5.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity 5 136,000 341, eee 575,000 868,000 39e,see 252,000 $ 2,562,000 $ 128,000 473, een 472,000 887,000 434,60e 251, eee $ 2,645, eee $ 386,000 988, eee 1,188,000 $ 2,562,000 5 335,000 988,000 1,322,00 $ 2,645,985 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 113,000 Tax expense 194,000 Net income $4,268,000 3,679,480 597,520 307,888 290, 520 $ The company paid dividends of $156,520 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1 2 % Average operating assets Margan Turnover ROI Residual income 9 3