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Problem 11-15 Return on Investment (ROI) and Residual Income (LO11-1, 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 Duisson, S.A. Land (undeveloped) Total assets Liabilities and stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 135,000 345,000 580,000 770,000 391.000 254,000 $ 2,475,000 $ 127,000 473,000 476,000 794,000 431,000 249,000 $2,550,000 389,000 992.000 1.094,000 $ 2,475,000 $ 332,000 992.000 1,226,000 $2,550,000 Joel de Paris, Ine. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 119,000 expense 199,000 Net income $4,810,000 3.992,300 817,700 318,000 499,700 $ The company paid dividends of $367,700 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: 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 Margin Turnover ROI 3 Residual income

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