Problem 11-17 (Algo) Return on Investment (ROI) and Residual Income (LO11-1, LO11-2) Ending Balance Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Assets Cash 138, een Accounts receivable 349,000 Inventory 578,000 plant and equipment, net 795,000 Investment in Buisson, S.A. 390,000 Land (undeveloped) 246,000 Total assets $ 2,496,000 Liabilities and Stockholders' Equity Accounts payable $ 390,000 Long-term debt 1,035,000 Stockholders' equity 1,071,080 Total liabilities and stockholders' equity $ 2,496,000 $ 139,000 483,000 470,000 808,000 433,000 255,000 $ 2,588,000 $ 340,000 1,035,000 1,213,000 $ 2,588,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 129,000 Tax expense 195,000 Net income $5,076,800 4,365,360 710,640 324,800 $ 386,640 The company paid dividends of $244,640 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 (Rol) 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 Residual income 56 3