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 liabilities and stockholders' equity $ 129,000 338,000 573,000 850,000 407,000 246,00 $ 2,543,000 $ 139,000 486,000 484,600 821,000 425,000 247, 080 $ 2,602,000 $ 385,000 998,000 1,160,000 $ 2,543,000 5 344,000 998,000 1,260,000 5 2,602,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Piet operating income Interest and taxes Interest expense 5113,000 Tax expense 209,000 Not Income $ 3,320,000 3,223,400 496,680 322,000 174,600 The company paid dividends of $74,600 last year. The investment in Bulsson, SA, on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 15% Joel de Paris, Inc Income Statement Sao Operating expenses Net operating income Interest and taxes Interest expense $ 113,000 Tax expense 209,000 Het Income 5. 3,820,000 3,323,400 496,680 322.000 $ 174,600 The company paid dividends of $74,600 last year. The "Investment in Busson, S.A.S on the balance sheet represents an investment in the stock of another company. The company's minimum required rote of return of 15% Required: 1. Compute the company's average operating assets for last year: decimal places.) 2. Compute the company's margin, turnover, and return on investment (Ron for last year. (Round "Margin", "Turnover" and "ROI" to 2 3. What was the company's residual income last year? 1 2 Average operatings Margin Turnover RO Residual income