Saved Chapter 11 Assignment i Financial data for Joel de Paris, Inc., for last year follow: 1 Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance 1.56 points 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 $ 133,000 346,000 563,000 798,000 392,000 246,000 $ 2,478,000 $ 138,000 489,000 489,000 764,000 430,000 246,000 $ 2,556,000 eBook to $ 373,000 1,013,000 1,092,000 $ 2,478,000 $ 348,000 1,013,000 1,195,000 $ 2,556,000 References Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 123,000 Tax expense Net income $ 5,022,000 4,369,140 652,860 198,000 321,000 331,860 $ The company paid dividends of $228,860 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. 2. . Average operating assets Margin % Turnover ROI % 3. Residual income