Question: Please explain and show all work. Be sure final answers are right. Thank you! Problem 10-15 (Algo) Return on Investment (ROI) and Residual Income (LOIO-I,

Problem 10-15 (Algo) Return on Investment (ROI) and Residual Income (LOIO-I, LOIO-2J

Please explain and show all work. Be sure final answers are right. Thank you!
Financial data for Joel de Paris, Incorporated, for last year follow: Joel

Problem 10-15 (Algo) Return on Investment (ROI) and Residual Income (LOIO-I, LOIO-2J Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris; Inc0rporated Balance Sheet Beginning 2 345, 479, 572, 475, 824, 823, 393, 431, 247 L 251, 976, e 976, , 157 , 551 120 70 , 880 318 3 4 5 6 7 Ba lance Ending Balance, Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Longterm debt Stockholders' equity Total liabilities and stockholders' equity Joet - de PariSAncorporated $ 129, $ 2,51, $ 377, 1 $ 133, $ 34,e Income Statement Sates Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 125, 193 $ 5,292, 4 $ 422,88 The company paid dividends of $303,880 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: I. 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? I. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income

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