PROBLEM 11-17 Return on investment (RO) and Residual Income Lon- 1011-2 Financial data for Joel de Parit Inc, se last year fellow Joul de Paris, les Balance Sheet Beginning Eoday | Balance Balance Asta Cath $540,000 $120.000 Accounts receivable 450,000 530,000 Letry 320,000 350,000 Plant and equipment, 650.000 620,000 Lost in Baisser SA 250,000 280,000 Land (adrapad, 100.000 170009 Total $2.020.000 93.100.000 Liabilities and Stockholders' Equity Accounts payable $360,000 $ 310,000 Long tim ditt 1.500,000 1.500.000 Stockholms 160.000 290.000 Trai medies and 2020,000 12,000,000 Joul de Paris, les Income Sales Operating Netoperating in forced $4,050,000 3645000 405.000 $150,000 110.000 Tax Ne income 250.000 9.145.000 The company paid dividends of $15,000 last year. The con Disca SA." o balance she reports a istment in the mock of another company. The company's minimum required rate of stars of 15% Required 1. Computer the company's eage operating and for last year Page 339 2. Compute the company's marges, turn, and can (ROC) for last year. (Hint: Should you be income De operating income is your calculation) 3. What was the company's realice last year