Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A Land (undeveloped) Total assets 125,000 $ 138,000 338,000 485,000 577,000 470,000 870,000 857,000 399,000 430,000 252,000 252,000 $ 2,561,000 $ 2,632,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 381,000 $ 338,000 1,036,000 1,036,000 1,144,000 1,258,000 $ 2,561,000 $ 2,632,000 Joel de Paris, Inc. Income Statement Sales $ 5,211,000 Operating expenses 4,273 020 Net operating income 937,980 Interest and taxes Interest expense Tax expense Net income 127,000 208,000 335,000 $ 602,980 The company paid dividends of $488,980 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 1 decimal place.) Margin Turnover ROI % times % 2. The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 16%. What was the company's residual income last year? Net operating income Minimum required return Residual income