Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 130,000 138,000 472,000 485,000 865,000 433,000 Accounts receivable 331,000 569,000 890,000 407,000 Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) 245,000 253,000 $ 2,572,000 $ 2,646,000 Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity S 375,000 1,045,000 350,000 1,045,000 1,251,000 1,152,000 $ 2,572,000 $ 2,646,000 Total liabilities and stockholders' equity Joel de Paris, Inc. Income Statement $ 5,238,000 4,295,160 Sales Operating expenses Net operating income Interest and taxes: 942,840 Interest expense $118,000 201,000 319,000 xpense $ 623,840 Net income The company paid dividends of $524,840 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? Average operating assets Margin Turnover 1 % 2 ROI % Residual income 3