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 Balance Ending Balance Assets Cash $ 134,000 $ 139,000 Accounts receivable 349,000 476,000 Inventory 565,000 486,000 Plant and equipment, net 872,000 859,000 Investment in Buisson, S.A. 390,000 427,000 Land (undeveloped) 254,000 248,000 Total assets $ 2,564,000 $ 2,635,000 Liabilities and Stockholders' Equity Accounts payable $ 377,000 $ 344,000 Long-term debt 1,842,000 1,042,000 Stockholders' equity 1,145,000 1,249,000 Total liabilities and stockholders' equity $ 2,564,000 $ 2,635,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 121,800 Tax expense 207,000 Net income $ 5,432,000 4,725, 840 706,16 328,000 $ 378,160 The company paid dividends of $274,160 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 2. Turnover 2. ROI 3. Residual income