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Problem 1 1 - 1 7 ( Algo ) Return on Investment ( ROI ) and Residual Income [ LO 1 1 - 1 ,

Problem 11-17(Algo) Return on Investment (ROI) and Residual Income [LO11-1, L011-2]
Financial data for Joel de Paris, Incorporated, for last year follow:
The company paid dividends of $64,320 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 15%.
Required:
Compute the company's average operating assets for last year.
Compute the company's margin, turnover, and return on investment (ROI) for last year.
Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places.
What was the company's residual income last year?
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