Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, het Investment in Buisson, S.A Land (undeveloped Total assets Liabilities and Stockholders' Equity Accounts payable Long-tere detit Stockholders' equity Total liabilities and stockholders' equity $ 127,000 145, 566.00 852,00 354, 2146. $ 2.550, $ 320,000 478,00 480,000 832,00 429,00 247 $ 2,606, 5 389,000 992, 1,149,000 5 2,530, $ 33,00 992.ee 3230 $ 2,606,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and tas Interest expense $ 113,000 Tax expense 2es, Net income 54,966,900 4,223 100 764.900 318. $ The company paid dividends of $294.900 last year. The investment in Busson, S.A." on the balance sheet represents an investment in the stock of another company. The companys 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 Ror" to 2 decimal places.) 3. What was the company's residual income last year 1 2 Average operating assets Margin Turnove ROI Residual income 3