** www 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 $ 133,000 $ 139,000 349,000 472,000 580,000 486,000 778,000 783,000 407,000 433,000 246,000 245,000 $ 2,493,000 $ 2,558,000 $ 372,000 1,003,000 1,118,000 $ 2,493,000 $ 332,000 1,003,000 1,223,000 $ 2.558,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 127,000 Tax expense 208,000 Net income $ 3,720,000 3,236,400 483,600 335,000 148,600 Net income The company paid dividends of $43,600 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 "ROM to 2 decimal places.) 3. What was the company's residual income last year? 1. 2. Average operating assets Margin Tumover % ROI 3. Residual income