Joel de Paris, Inc Income Statement Sales 4,268,e00 3,542,440 Operating expenses Net operating income Interest and taxes: 725,560 Interest expense 125,000 xpense 206, 00 331,000 $ Net income 394,560 The company paid dividends of $278,560 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? Average operating assets Margin 1 2 Turnover ROI 3. Residual income Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets $ Cash Accounts receivable 137,000 337,000 569,000 877,000 406,e00 246,000 130,000 489,000 480,e00 861,000 429,000 248,e00 Inventory Plant and equipment, net Investment in Buisson, S.A Land (undeveloped) Total assets 2,572,000 2,637,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity $ $ 336,000 1,046,e00 1,255,000 $2,637,000 387,000 1,046, e00 1,139,000 Total liabilities and stockholders' equity 2,572,000 tA tA tA