Problem 10-15 Return on Investment (ROI) and Residual Income [LO10-1, LO10-2) Financial data for Joel de Paris, Inc.,, for last year follow: Joel de Paris, Inc. Balance Sheet 8 Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets 128,00e 127,ee0 470,ee0 487,000 816 , 433,000 254,9e0 $2,516,0eee $2,587,000 343,e00 574,ee0 815,000 404,ee0 252,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders equity $ 386, eee $ 332, eee 968,e00 1,162,ee0 1,287, eee $2,516,e0e $2,587,eee 968,ee0 Joel de Paris, Inc. k Prev4 or s EE Score answer > ype here to search Co Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: $5,264,00e 4,474,489 789,600 Interest expense $115,e08 Tax expense203,98e 318,000 $471,600 Net income The company paid dividends of $346,600 last year. The "Investment in Buisson, S.A." on the balance sheet represents an 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. (D0 not round intermediate calcu and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1. Average operating assets 2. Margin ROI score answer >