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 S 132,000 344,000 569,000 805,000 394,000 252,000 $ 2,496,000 S 133,000 488,000 470,000 799,000 430,000 246,000 $ 2,566,000 S 386,000 1,006,000 1,104,000 $ 2,496,000 S 332,000 1,006,000 1,228,000 $ 2,566,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 126,000 Tax expense 197,000 Net income $ 5,049,000 4,392,630 656, 370 323,000 333, 370 S The company paid dividends of $209,370 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