Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 133,000 $ 127,000 Accounts receivable 332,000 473,000 Inventory 575,000 471,000 Plant and equipment, net 860,000 869,000 Investment in Buisson, S.A. 397,000 434,000 Land (undeveloped) 248,000 249,000 Total assets $ 2,545,000 $ 2,623,000 Liabilities and Stockholders' Equity Accounts payable $ 373,000 $ 339,000 Long-term debt 953,000 953,000 Stockholders' equity 1,219,000 1,331,000 Total liabilities and stockholders' equity $ 2,545,000 $ 2,623,000 Joel de Paris, Inc. Income Statement Sales $ 4,608,000 Operating expenses 3,916,800 Net operating income 691,200 Interest and taxes: Interest expense $ 115,000 Tax expense 198,000 313,000 Net income $ 378,200 The company paid dividends of $266,200 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 companys margin, turnover, and return on investment (ROI) for last year

2.	The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 17%. What was the companys residual income last year?
	net income= minium required= residual=