Joel de Paris, incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net $ 134,000 $ 127,000 342,000 472,000 568,000 471,000 856,000 870,000 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 $ 2,553,000 Joel de Paris, Incorporated Income Statement 402,000 434,000 251,000 249,000 $ 2,553,000 $ 2,623,000 $ 384,000 1,020,000 1,149,000 $ 342,000 1,020,000 1,261,000 $ 2,623,000 Sales $ 5,184,000 Operating expenses Net operating income 4,354,560 829,440 Interest and taxes: $ 126,000 199,000 325,000 $ 504,440 Interest expense Tax expense Net income The company paid dividends of $392,440 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 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year? 1. Average operating assets