Problem 11-15 Return on Investment (ROI) and Residual Income [LO11-1, L011-2] Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Ending Balance Beginning Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson Land (undeveloped) Total assets $133,000 140,000 477,000 478,000 855,000 433,000 247,000249,000 $2,551,000 2,632,000 345,000 574,000 858,000 394,000 , S.A Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $383,000 338,000 1,026,000 1,142,000 1,268,000 $2,551,000 2,632,000 1,026,000 Joel de Paris, Inc. Income Statement 5,018,000 4,215.120 Sales Operating expenses Net operating income Interest and taxes: 802,880 125,000 Interest expense 198,000323,000 $479,880 Tax expense Net inco me The company paid dividends of $353,880 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 2. Margin Turnover ROI 3. Residual income