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 133,000 349,000 575,000 773,000 393,000 245,000 $ 2,468,000 138, eee 486,000 474,000 772,00e 435,000 249,000 $2,554,000 $ 1 378, eee 1,049,889 1,041.ee 2.468,000 332, eee ,849, eee 1,173, cee 2,554, eee $ $ 5,180,000 4,351, 2ee 828, Bee Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 126,000 Tax expense 204, eee Net income 330, cee 498, 800 The company paid dividends of $366,800 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 (RON 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? 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 133,000 349,000 575,000 773,000 393,000 245,000 $ 2,468,000 138, eee 486,000 474,000 772,00e 435,000 249,000 $2,554,000 $ 1 378, eee 1,049,889 1,041.ee 2.468,000 332, eee ,849, eee 1,173, cee 2,554, eee $ $ 5,180,000 4,351, 2ee 828, Bee Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 126,000 Tax expense 204, eee Net income 330, cee 498, 800 The company paid dividends of $366,800 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 (RON 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