education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flearn.csuchico -mework Saved Help Save Problem 11-17 (Algo) 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 un 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 $ 127,000 348,000 564,000 801,000 408,000 254,000 $ 2,502,000 136,000 490,000 487,000 767,000 427,000 249,000 $ 2,556,000 $ 370,000 1,033,000 1,099,000 $ 2,502,000 $ 334,000 1,033,000 1,189,000 $ 2,556,000 Homework Saved Help Save & Exit Submit 5 Check my work Joel de Paris, Ine. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 128,000 Tax expense 198,000 Net income $ 4,650,000 3,813,000 837,000 $ 326,000 511,000 The company paid dividends of $421,000 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 Tumover ROI % 3. Residual income Prev 3 of 3 Next >