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

Joel de Paris, Inc. Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$134,000	$133,000
Accounts receivable	330,000	489,000
Inventory	570,000	483,000
Plant and equipment, net	806,000	775,000
Investment in Buisson, S.A.	401,000	427,000
Land (undeveloped)	248,000	252,000
Total assets	$2,489,000	$2,559,000
Liabilities and Stockholders' Equity
Accounts payable	$389,000	$336,000
Long-term debt	1,031,000	1,031,000
Stockholders' equity	1,069,000	1,192,000
Total liabilities and stockholders' equity	$2,489,000	$2,559,000

Joel de Paris, Inc. Income Statement
Sales		$4,836,000
Operating expenses		4,158,960
Net operating income		677,040
Interest and taxes:
Interest expense	$127,000
Tax expense	203,000	330,000
Net income		$347,040

The company paid dividends of $34,704 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company.

Requirement 1:

Compute the company's margin, turnover, and return on investment (ROI) for last year.(Round your answers to 2 decimal places. Omit the "%" sign in your response.)

Margin	%
Turnover
Return on investment	%

Requirement 2:

The board of directors of Joel de Paris, Inc., has set a minimum required rate ofreturn of 22%. What was the company's residual income last year?(Omit the "$" sign in your response.)

Residual income

$