Problem 11-17 (10 pt) i 1 Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet 10 0 points Beginning Balance Ending Balance Assets Cash Accounts receivable eBook Plant and equipment, net Print References Inventory 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 $ 140,000 450,000 $ 120,000 320,000 680,000 250,000 180,000 $ 2,020,000 $ 360,000 1,500,000 160,000 $ 2,020,000 530,000 380,000 620,000 280,000 170,000 $ 2,100,000 $ 310,000 1,500,000 290,000 $ 2,100,000 Saved Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: $ 4,050,000 3,645,000 405,000 Net operating income Interest expense Tax expense Net income $ 150,000 110,000 260,000 $ 145,000 The company paid dividends of $15,000 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 "Turnover" to 1 decimal place.) 3. What was the company's residual income last year? 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 "Turnover" to 1 decimal place.) 3. What was the company's residual income last year? 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income % %