Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 5,236,000 4,502,960 733,040 $ 115,000 206,000 321,000 $ 412,040 The company paid dividends of $302,040 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? 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income % % Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets Cash Accounts receivable Balance Sheet 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 Beginning Balance $ 133,000 344,000 567,000 806,000 397,000 245,000 Ending Balance $ 127,000 483,000 472,000 808,000 427,000 246,000 $ 2,492,000 $ 373,000 1,007,000 1,112,000 $ 2,563,000 $ 334,000 1,007,000 1,222,000 $ 2,492,000 $ 2,563,000 Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: $ 115,000 206,000 Interest expense Tax expense Net income $ 5,236,000 4,502,960 733,040 321,000 $ 412,040 The company paid dividends of $302,040 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%