Problem 10-15 Return on Investment (ROI) and Residual Income [L010-1, LO10-2] 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, S.A. Land (undeveloped) Total assets $126,000 129,000 472,000 479,000 810,000 427,000 248,000 $2,501,000 2,565,000 332,000 579,000 813,000 404,000 247,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt stockholders' equity Total liabilities and stockholders' equity $385,000 333,000 998,000 1,118,000 1,234,000 $ 2,501,000 2,565,000 998,000 Joel de Paris, Inc Income Statement Sales Operating expenses Net operating income Interest and taxes: 4,114,000 3,455,760 658,240 Interest expense 117,000 200,000317,000 341,240 Tax expense Net income The company paid dividends of $225,240 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.) . What was the company's residual income last year? 1. Average operating assets 2. Margin Turnover ROI 3. Residual income