Problem 11-15 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 Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity 132,000 332,000 571,000 805,000 407,000 255,000 $ 2,502,000 $ 135,000 487,000 484,000 774,000 429,000 254,000 $2,563,000 $ 375,000 1,035,000 1,092,000 $ 2,502,000 $ 339,000 1,035,000 1,189,000 $2,563,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 120,000 Tax expense 194,000 Net income $ 4,092,000 3,600,960 491,040 314,000 177,040 $ The company paid dividends of $80,040 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? out you. He livestment in Buisse TE SLOCK of another company. The company's nimum required rate of retu Required: 1. Compute the company's average operating assets for last year. 2. Compute the company's margin, turnover, and return on investment (ROI) decimal places.) 3. What was the company's residual income last year? Average operating assets Margin Turnover ROI Residual income