uulu Tui Juciu. UITS, "II., IUI use your run . 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 liabilities and stockholders' equity $ 138,000 331,000 567,000 874,000 397,000 250,000 $ 2,557,000 $ 138,000 471,000 486,000 855,000 435,000 245,000 $ 2,630,000 $ 379,000 991, 000 1,187,000 $ 2,557,000 $ 347,000 991,000 1,292,000 $2,630,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 122,000 Tax expense 210,000 Net income $ 3,860,000 3,203,800 656,200 332,000 324, 200 $ Check my wo Interest and taxes: Interest expense Tax expense Net income $ 122,000 210,000 332,000 324, 200 $ The company paid dividends of $219,200 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