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 139,000 348,000 568,000 795,000 407,000 252,000 $ 2,509,000 $ 138,000 490,000 484,000 778,000 434,000 253,000 $ 2,577,000 $ 371,000 1,033,000 1,105,000 $ 2,509,000 $ 348,000 1,033,000 1,196,000 $ 2,577,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 112,000 Tax expense 196,000 Net income $ 4,301,000 3,612,840 688,160 308,000 $ 380,160 The company paid dividends of $289,160 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. 2. Average operating assets Margin Turnover % ROI %