Financial data for Joel de Paris Inc. for last year follow: JOEL DE PARIS INC. Balance Sheet Ending Balance Beginning Balance 678,000 904,000 624,000 Assets Cash Accounts receivable Inventory $ 452,000 1,356,000 904,000 1,808,000 671,000 408,000 1,582,000 lant and equipment, net 1,356,000 estment in Buisson, S.A. Land (undeveloped) 452,000 Total assets $5,599,000 $5,596,000 Liabilities and Shareholders' Equity Accounts payable Long-term debt Shareholders' equity $ 831,000 $1,030,200 4,120,800 445,000 3,324,000 1,444,000 Total liabilities and shareholders' equity $5,599,000 $5,596,000 JOEL DE PARIS INC. Income Statement Sales Less: Operating expenses $11,300,000 8,475,000 Net operating income Less: Interest and taxes: 2,825,000 Interest expense Tax expense $1,037,000 757,000 1,794,000 Net income $1,031,000 The company paid dividends of $32,000 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 2.50 2. The board of directors of Joel de Paris Inc. has set a minimum required return of 30%. What was the company's residual income last year? Residual income