4 value: 1.00 points Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, SA Land (undeveloped) S 130,000 S 133,000 337.000 487,000 574,000 487,000 859,000 833,000 402,000 428,000 248,000 254,000 Total assets S2,550,000 $2,622,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity S 388,000 S 336,000 967,000 967,000 1.195,000 1,319,000 Total liabilities and stockholders' eqity $2,550,000 $2,622,000 Joel de Paris, Inc. Income Statement Sales Operating expenses S 4,224,000 3,674,880 549,120 Net operating income Interest and taxes: S 128,000 Interest expense Tax expense 191,000 319,000 Net income S 230,120 The company paid dividends of $106,120 last year. The "Investment in Buisson, S.A., on the balance sheet represents an investment in the stock of another company. Required: 1. Compute the company's margin, turnover, and return on investment (ROI) for last year. (Round your answers to 2 decimal places.] ar Turnover ROI 2. The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 20%. What was the company's residual income last year? Net operating income Minimum required return Residual income