Please show work

Financial data for Joel de Paris, Incorporated, for last year follow:

Joel de Paris, Incorporated Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 137,000	$ 132,000
Accounts receivable	345,000	474,000
Inventory	576,000	475,000
Plant and equipment, net	852,000	869,000
Investment in Buisson, S.A.	391,000	427,000
Land (undeveloped)	246,000	247,000
Total assets	$ 2,547,000	$ 2,624,000
Liabilities and Stockholders' Equity
Accounts payable	$ 386,000	$ 349,000
Long-term debt	957,000	957,000
Stockholders' equity	1,204,000	1,318,000
Total liabilities and stockholders' equity	$ 2,547,000	$ 2,624,000

Joel de Paris, Incorporated Income Statement
Sales		$ 4,053,000
Operating expenses		3,363,990
Net operating income		689,010
Interest and taxes:
Interest expense	$ 113,000
Tax expense	199,000	312,000
Net income		$ 377,010

The company paid dividends of $263,010 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 companys margin, turnover, and return on investment (ROI) for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.)

3. What was the companys residual income last year?

Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable $ 132,000 335,000 570,000 $ 127,000 471,000 473,000 Inventory Plant and equipment, net 823,000 829,000 Investment in Buisson, S.A. 430,000 405,000 248,000 Land (undeveloped) 247,000 Total assets $ 2,513,000 $ 2,577,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt $ 390,000 1,001,000 1,122,000 $ 349,000 1,001,000 1,227,000 Stockholders' equity Total liabilities and stockholders' equity $ 2,513,000 $ 2,577,000 Joel de Paris, Incorporated Income Statement Sales $ 4,512,000 3,835, 200 676,800 Operating expenses Net operating income Interest and taxes: Interest expense Tax expense $ 126,000 192,000 318,000 Net income $ 358,800 The company paid dividends of $253,800 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. Average operating assets 2. Margin % 2. Turnover 2. ROI % 3. Residual income