Financial data for Joel de Paris, Inc, for last year follow: Joel de Paris, Inc. Balance sheet Beginning Balance Ending 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 abilities and stockholdere equity $ 132,000 330,000 577.000 881,000 402,000 250,000 $ 2,572,000 $ 129,000 481,000 487,000 863.000 434,000 247,000 $ 2,641,000 $ 378,000 1,032,000 1.162,000 $ 2,572,000 $ 35,000 1,032,000 3.274,000 $ 2,641,000 Joel de Paris, Inc. Income statement Sales Operating expenses Net operating income Interest and taxes Interest expense 117,000 Tax expense 199,000 Set Income $5,230,000 4,347.540 190, 460 514.000 576,460 The company poid dividends of $464 460 last yeor The Investment in Buisson SAP 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 Long-term debt Stockholders' equity Total liabilities and stockholders' equity 1,032,000 1,162,000 $ 2,572,000 1,032,000 1,274,000 $ 2,641,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 117,000 Tax expense 197,000 Net income $ 5,238,000 4,347,540 890, 460 314,000 576, 460 $ The company paid dividends of $464,460 last year. The "Investment in Bulsson, 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 Tumover ROI Residual income 3