Financial data for Joel de Paris, Inc., for last year follow:

Cash	$	134,000	$	133,000
Accounts receivable		349,000		480,000
Inventory		562,000		482,000
Plant and equipment, net		795,000		785,000
Investment in Buisson, S.A.		396,000		430,000
Land (undeveloped)		255,000		249,000
Total assets	$	2,491,000	$	2,559,000
Liabilities and Stockholders' Equity
Accounts payable	$	390,000	$	332,000
Long-term debt		970,000		970,000
Stockholders' equity		1,131,000		1,257,000
Total liabilities and stockholders' equity	$	2,491,000	$	2,559,000

joel de paris income statement

Sales $4,092,000

Operating expenses 3,478,200

Net operating income 613,800

Interest and taxes:

Interest expense$ 118,000

Tax expense205,000 323,000

Net income $290,800

The company paid dividends of $164,800 last year. The Investment in Buisson, S.A., on the balance sheet represents an investment in the stock of another company.

Compute the companys margin, turnover, and return on investment (ROI) for last year.

margin percent

turnover

roi percent

The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 16%. What was the companys residual income last year?

net operating income

minimum required return

residual income