Joel de Paris, Incorporated Balance Sheet Deginning Balance Ending Balance Assets Cash $ 130,000 $ 128,000 484,000 Accounts receivable 338,000 Inventory 567,000 482,000 Plant and equipment, net 865,000 846,000 Investment in Buisson, S.A. 399,000 431,000 Land (undeveloped) 245,000 252,000 Total assets $ 2,544,000 $ 2,623,000 Liabilities and Stockholders' Equity $336,000 Accounts payable Long-term debt $ 388,000 983,000 1,173,000 983,000 1,304,000 Stockholders' equity. Total liabilities and stockholders' equity $ 2,544,000 $ 2,623,000 Joel de Paris, Incorporated Income Statement Sales $ 4,992,000 4,093,440 898,560 Operating expenses Net operating income Interest and taxes: Interest expense Tax expense $ 120,000 206,000 326,000 $ 572,560 Net income The company paid dividends of $441,560 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? The company paid dividends of $441,560 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