Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc. Balance Sheet Beginning Ending Assets Cash S 132,000 S 129,000 480,000 477,000 864,000 393,000 431,000 251,000 254,000 333,000 579,000 866,000 Plant and equipment, net Investment in Buisson, S.A Land (undeveloped) Total assets $2,554,000 S2.635,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity S 377,000 S 330,000 980,000 1,197,000 1325,000 980,000 Total liabilities and stockholders' equity 2,554,000 2,635,000 Joel de Paris, Inc. Income Statement Sales Operating expenses 5,211,000 4,585,680 625.320 Net operating income Interest and taxes S 122,000 Interest expense Tax expense 205,000 327,000 Net income 5 298.320 The company paid dividends of 5170,320 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.) Margin Turnover ROI 2. The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 1996. What was the company's residual income last year? Net operating income Minimum required return Residual income