Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 127,000 348,000 575,000 860,000 408,000 249,000 $ 2,567,000 $ 128,000 487,000 473,000 862,000 427,000 251,000 $ 2,628,000 $ 386,000 982,000 1,199,000 $ 2,567,000 $ 345,000 982,000 1,301,000 $ 2,628,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 123,000 Tax expense 201,000 Net income $ 4,053,000 3,526, 110 526, 890 324,000 202,890 $ The company paid dividends of $100,890 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. 2. Average operating assets Margin Turnover % ROI % 3. Residual income