Please answer questions 1-3 below

Beginning Balance Enaing 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 $ 138,000 349,000 578,000 795,000 397,000 251,000 $ 2,508,000 $ 134,000 470,000 483,000 813,000 431,000 252,000 $ 2,583,000 $ 372,000 971,000 1,165,000 $ 2,508,000 $ 330,000 971,000 1,282,000 $ 2,583,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 121,000 Tax expense 201,000 Net income $ 5,264,000 4,527,040 736,960 322,000 414,960 $ The company paid dividends of $297,960 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. Average operating assets Margin Turnover ROI $ 1,889,000 14.00% 2.78 38.92% 3 Residual income $ 283.350