Problem 11-15 (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. Balance Sheet Beginning Ending Balance Balance Assets Cash $ 132,000 $ 138, eee Accounts receivable 336,000 482,000 Inventory 579,000 485,000 Plant and equipment, net 833,000 815,000 Investment in Buisson, S.A. 397,000 426,000 Land (undeveloped) 252,000 255,000 Total assets $2,529,000 $2,601,000 Liabilities and Stockholders' Equity Accounts payable $ 381,000 $ 331,000 Long-term debt 986, 000 986, 000 Stockholders' equity 1,162,000 1,284,000 Total liabilities and stockholders' $2,529,000 equity $2,601,000 $5,320,000 4,468,800 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $128, eee Tax expense 190,000 Net income 851,200 318, 533,200 $ The company paid dividends of $411,200 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. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? Average operating assets Margin Turnover ROI Residual income