Joel de Paris, Inch Balance Sheet Beginning Ending Balance Balance Assets Cash 132,000 $ 138,008 Accounts receivable 330,000 480,000 Inventory 568,000 485,000 Plant and equipment, net 850,000 817,000 Investment in Buisson, S.A. 390,000 426.000 Land (undeveloped) 254,000 253,000 Total assets $2,524, 000 $2,599,000 Liabilities and Stockholders' Equity Accounts payable $ 370,000 $ 342,000 Long-term debt 1,017,000 1,017,000 Stockholders equity 1,137.000 1, 240,000 Total liabilities and stockholders $2,524,000 $2,599,000 equity aces Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $111,000 Tax expense 19000 Net income N $5,130,000 4,463) 100 666,900 301 Bee 365.ee $ $5,130,000 4.463, 100 Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $111,000 Tax expense 190,000 Net income 666,900 301,000 $365,900 The company paid dividends of $262,900 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? 1 2 9 Average operating assets Margin Tumover ROI 28 3 Residual Income