Saved 1 pints eBook Print References Financial data for Joel de Paris, Incorporated, for last year follow: Assets Cash Accounts receivable Inventory Plant and equipment, net Joel de Paris, Incorporated Investment in Buisson, S.A. Land (undeveloped) Total assets Balance Sheet Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity Beginning Balance $ 136,000 343,000 563,000 828,000 390,000 245,000 $ 2,505,000 $ 383,000 1,046,000 1,076,000 $ 2,505,000 Ending Balance $ 138,000 477,000 490,000 805,000 427,000 246,000 $ 2,583,000 $ 346,000 1,046,000 1,191,000 $ 2,583,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses. Net operating income Interest and taxes $ 120,000 195,000 Interest expense Tax expense Net income $ 4,536,000 3,764,880 771,120 315,000 $ 456,120 The company paid dividends of $341,120 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