Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash . 140,000 120,000 Accounts receivable . 450,000 530,000 Inventory . 320,000 380,000 Plant and equipment, net . 680,000 620,000 Investment in Buisson, SA . 250,000 280,000 Land (undeveloped) . 180,000 170,000 Total assets . 2,020,000 2,100,000 Joel de Paris, Inc. Income Statement Sales . Operating expenses . Net operating income . Interest and taxes: Interest expense . Tax expense . Net income : . $4,050,000 3,645,000 405,000 $150,000 110,000 260,000 $ 145,000 The company paid dividends of $15,000 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company. Required: l. Compute the company's margin, turnover, and return on investment (ROI) for last year. 2. The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 15%. What was the company's residual income last year?