Joel de Paris. Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $112.000 Tax expense 196,000 Net income $ 5,376,00 4,569,620 806,400 points Book 308,000 498,400 $ Deferences The company paid dividends of $403,400 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 Residual income 3. Financial data for Joel de Paris, Inc., for last year follow: 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 139,000 341,000 575,000 845,000 401,000 248,000 $ 2,549,000 $ 128,000 472,000 478,000 862,000 431,000 247,000 $2,618,000 $ 374,000 $ 348,000 984,000 984,000 1, 191, 0001 , 286,000 $ 2,549,000 $2,618,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 112,000 Tax expense 196,000 Net income $ 5,376,000 4,569,600 806,400 $ 308,000 498,400