JUUL Ue FalIS, TIL. 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 $ 139,000 340,000 563,000 858,000 407,000 253,000 $ 2,560,000 $ 133,000 487,000 477,000 843,000 434,000 245,000 $2,619,000 $ 377,000 952,000 1,231,000 $ 2,560,000 $ 349,000 952,000 1,318,000 $ 2,619,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 128,000 Tax expense 196,000 Net income $ 4,608,000 4,008,960 599,040 324,000 275,040 $ The company paid dividends of $188,040 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