The company paid dividends of $387.500 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 and return investment () yea(Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. was the residual income last year?

Balance Sheet Beginning Ending Balance Balance Assets Cash S 131, 000 129, 000 Accounts receivable 344, 000 487, 000 Inventory 573, 000 486, 000 Plant and equipment, net 832, 000 818, 000 Investment in Buisson, S. A. 408, 000 433, 000 Land ( undeveloped) 252, 000 248, 000 Total assets $ 2, 540, 090 $ 2, 601, 000 Liabilities and Stockholders' Equity Accounts payable $ 374, 000 $ 339, 090 Long-term debt 1, 011, 000 1, 011, 000 Stockholders equity 1, 155, 000 1, 251, 000 Total liabilities and stockholders' equity $ 2, 540, 000 $ 2, 601, 900 Joel de Paris, Inc. Income Statement Sales $ 4, 750, 000 Operating expenses 3, 942, 500 Net operating income 807, 500 Interest and taxes: Interest expense $120, 000 Tax expense 204,000 324, 000 Net income S 483, 500