Problem 11-17 (Algo) Return on Investment (ROI) and Residual Income [LO11-1, LO11-2] Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Ending Balance Balance Assets Cash $ 130, 000 $ 134, 000 Accounts receivable 348 , 000 477 , 000 Inventory 572 , 000 474 , 000 Plant and equipment, net 860, 000 865 , 000 Investment in Buisson, S.A. 391, 000 428 , 000 Land ( undeveloped) 249 , 000 253 , 000 Total assets $ 2,550 , 000 $ 2, 631, 000 Liabilities and Stockholders' Equity Accounts payable $ 378, 000 $ 341, 000 Long-term debt 983 , 000 983, 000 Stockholders' equity 1, 189 , 000 1, 307,000 Total liabilities and stockholders' equity $ 2, 550, 000 $ 2, 631, 000 Joel de Paris, Incorporated Income Statement Sales $ 5, 018, 000 Operating expenses 4, 164, 940 Net operating income 853 , 060 Interest and taxes: Interest expense $ 121, 000 Tax expense 207, 000 328 , 000 Net income $ 525, 060 The company paid dividends of $407,060 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%.The company paid dividends of $407,060 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 of15%. 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 % 2. Turnover 2. ROI \"lo 3. Residual income