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 $ 135,000 135,000 477,000 487,000 811,000 430,000 254,000 $ 2,529,000 2,594,000 336,000 578,000 821,000 409,000 250,000 Liabilities and StockholdersEquity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 383,000 331,000 984,000 1,162,0001,279,000 $ 2,529,000 2,594,000 984,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: $ 5,103,000 4.235,490 867,510 $ 118,000 197,000 Interest expense 315,000 $552,510 Tax expensee Net income The company paid dividends of $435,510 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