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please and thank you. during proche PROBLEM 11-15 Return on investment (ROI) and Residual income LOT-1L011-2 Financial data for Joel de Paris, Inc. for last

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please and thank you.

during proche PROBLEM 11-15 Return on investment (ROI) and Residual income LOT-1L011-2 Financial data for Joel de Paris, Inc. for last year follow Joel de Paris. Inc Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson SA Land (undeveloped) Total assets $ 140,000 450,000 320,000 680,000 250.000 180.000 $2.020,000 $ 120,000 530,000 380,000 620.000 280,000 170.000 $2,100,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equilty $360,000 1,500,000 160.000 $2,020,000 $ 310,000 1.500.000 290.000 $2,100,000 Joel de Paris, Inc Income Statement $4,050,000 3.645,000 405,000 Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $150,000 110,000 260,000 $ 145,000 The company paid dividends of $15.000 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. (Hint: Should you use net income or net operating income in your calculations!) 3. What was the company's residual income last year

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