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 138,000 330,000 563,000 859,000 393,000 247,000 $ 2,530,000 130,000 478,000 483,000 839,000 435,000 246,000 $2,611,000 $ 388,000 962,000 1,180,000 $ 2,530,000 $ 347,000 962,000 1,302,000 $ 2,611,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 121,000 Tax expense 203,00 Net income $ 4,011,000 3,289,020 721,980 324,000 397,980 $ The company paid dividends of $275,980 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? 1. % Average operating assets Margin Tumover ROI 3. Residual income