Problem 11-17 (Algo) Return on Investment (ROI) and Residual Income (L011-1, 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 137,000 335,000 578,000 800,000 401,000 255,000 $ 2,506,000 $ 126,000 484,000 476,000 804,000 433,000 252,000 $ 2,575,000 385,000 1,035,000 1,086,000 $ 2,506,000 $ 345,000 1,035,000 1,195,000 $ 2,575,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 125,000 Tax expense 197,000 Net income $ 5,236,000 4,293,520 942, 480 322,000 620,480 $ The company paid dividends of $511,480 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 % 3. Residual income