3 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: Joel de Paris, Inc. nts Balance Sheet Beginning Ending Balance Balance Print eBook Assets Cash Inventory Plant and equipment, net Investment in Buisson, S.A. Total assets $ 139,000 $ 133,000 Accounts receivable 341,000 482,000 565,000 483,000 795,000 782,000 390,000 426,000 Land (undeveloped) 254,000 248,000 $2,484,000 $2,554,000 Liabilities and Stockholders' Equity References Accounts payable $ 378,000 $332,000 Long-term debt 1,037,000 1,037,000 Stockholders' equity Total liabilities and stockholders' equity 1,069,000 1,185,000 $2,484,000 $2,554,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income $5,208,000 4,270,560 937,440 Interest and taxest $116,000 Tax expense 197,000 313,000 624,440 Interest expense Net Incone The company paid dividends of $508,440 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% 3 13 points Sales Joel de Paris, Inc. Income Statement Operating expenses Net operating Income Interest and taxess Interest expense $116,000 197,000 $5,208,000 4,270,560 937,440 313,000 eBook Net Incone Print References $624,440 The company paid dividends of $508,440 last year. The "Investment in Buisson, SA," 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 (ROQ 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 Tumover RO 3 Residual income % % Check m