rulli LA VI Jetve raris, Icopia EU, TU year to w Ending Balanco Joel de Paris, Incorporated Balance Sheet Beginning Balance Assets Cash $ 132,000 Accounts receivable 337,000 Inventory 575,000 Plant and equipment, net 846,000 Investment in Buisson, S.A. 405,000 Land (undeveloped) 251,000 Total assets $ 2,546,000 Liabilities and Stockholders' Equity Accounts payable $ 374,000 Long-term debt 1,007,000 Stockholders' equity 1,165,000 Total liabilities and stockholders' equity $ 2,546,000 $ 131,000 481,000 471,000 847,000 431,000 246,000 $ 2,607,000 $ 333,000 1,007,000 1,267,000 $ 2,607,000 Joel de Paris, Incorporated Income Statement Sales $ 3,820,000 Operating expenses 3,285,200 Net operating income 534,800 Interest and taxes: Interest expense $ 127,000 Tax expense 210,000 337,000 Net Income $ 197,800 The company paid dividends of $95,800 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, 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? Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 374,000 1,007,000 1.165,000 $ 2,546,000 $ 333,000 1,007,000 1.267.000 $ 2,607,000 Joel de Paris, Incorporated Tacone Statement Sales $ 3.820,000 Operating expenses 3,285,200 Net operating income 534,800 Interest and taxes Interest expense $ 127,000 Tax expense 210.000 337,000 Bet income $ 197,800 The company paid dividends of $95,800 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. (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. Turnover 2. ROI 3. Residual income %