Financial data for Joel de Paris Inc. for last year follow JOEL DE PARIS INC. Balance Sheet Ending Balance Beginning Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) S 450,000 675,000 1,350,000 900,000 1,800,000 487,000 296,000 1,575,000 900,000 1,350,000 448,000 324,000 Total assets $5,283,000 $5,272,000 Liabilities and Shareholders' Equity Accounts payable Long-term debt Shareholders' equity $ 860,000 3,440,000 983,000 971,000 3,884,000 417,000 Total liabilities and shareholders' equity $5,283,000 $5,272,000 JOEL DE PARIS INC. Income Statement Sales Less: Operating expenses $8,100,000 6,480,000 Net operating income Less: Interest and taxes 1,620,000 Interest expense Tax expense $595,000 435,000 1,030,000 Net income $ 590,000 The company paid dividends of $24,000 last year. The "Investment in Buisson, S.A." on the balance sheet represents an investment in the shares of another company Required 1. Compute the company's margin, turnover, and ROI for last year. (Do not round intermediate calculations. Round your answers to 2 decimal place.) Margin Turnover ROI 2. The board of directors of Joel de Paris Inc. has set a minimum required return of 29%. What was the company's residual income last year? Residual income