Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash 135,eee 339,000 571,eee 865,eee 480,e08 246,000 139,ee8 474,eee 481,e00 856,eee Accounts receivable Inventory Plant and equipnent, net Investnent in Buisson, S.A. Land (undeveloped) 433,eee 248,008 Total assets Liabilities and Stockholders Equity Accounts payable Long-term debt Stockholders equity 2,556,e08 $2,631,e0e 387,eee 999,e00 331,eee 999,eee 1,301,008 1,170.000 $ 2,556,e00 Total liabilities and stockholders' equity $2,631,ee8 Joel de Paris, Inc Income Statement $ 4,053,eee 3,566,640 486,360 Sales Operating expenses Net operating income Interest and taxes: Interest expense xpense $ 130,000 205,008 335,e06 151,368 Net income The company pald dividends of $20,360 last year. The "Investment In Bulsson, 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 1 2. Janmnwns