16 Problem 11-17 (Algo) Return on Investment (ROI) and Residual Income (LO11-1, LO11-2] Financial data for Joel de Paris, Inc., for last year follow: 10 points Joel de Paris, Inc. Balance Sheet Skipped Beginning Balance Ending Balance eBook Print 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 $ 133,000 337,000 578,000 812,000 401,000 246,000 $ 2,507,000 $ 131,000 485,000 482,000 802,000 430,000 252,000 $ 2,582,000 References $ 377,000 1,015,000 1,115,000 $ 2,507,000 $ 349,000 1,015,000 1,218,000 $ 2,582,000 16 10 points Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 126,000 Tax expense 191,000 Net income $ 4,324,000 3,545, 680 778,320 Skipped 317,000 461,320 eBook Print The company paid dividends of $358,320 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%. References Required: 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 Margin 2 Tumover % ROI Residual income 3