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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc Balance Sheet Beginning Balance Ending Balance Cash $ 132,000 334,000 570,000 814, 000 409,000 127,000 483, 000 481,000 799,000 427,000 Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A Land (undeveloped) 253,000250,000 $2,512,000 $2,567 000 Total assets Liabilities and Stockholders Equity Accounts payable Long-term debt Stockholders equity $ 390, 000 952,000 333,000 952,000 1,170,000 1,282,000 Total liabilities and $2,512,000 2,567,000 stockholders equity Joel de Paris, Inc Sales $5,236 000 Operating 4,293,520 operating 942,480 terest and taxes $126,000 expense 208,000 expense- 334,000 $ 608,480 Net income The company paid dividends of $496,480 last year. The "Investment in Bulsson, 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 Marg n Tunover ROI Residual income

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