Joel de Paris, incorporated Balance Sheet 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 Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 128,000 208,000 Beginning Balance Ending Balance $ 137,000 $ 138,000 335,000 474,000 575,000 487,000 853,000 841,000 406,000 427,000 255,000 252,000 $ 2,561,000 $ 2,619,000 $ 371,000 1,039,000 1,151,000 $ 347,000 1,039,000 1,233,000 $ 2,561,000 $ 2,619,000 $ 4,224,000 3,674,880 549,120 336,000 $213,120 The company paid dividends of $131,120 last year. The "Investment in Buisson, S.A.." on the balance sheet represents al 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. Average operating assets 2. Margin 2. Tumover 2. ROI 3. Residual income % %