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 $ 125,000 $ 138,000 338,000 485,000 577,000 470,000 Plant and equipment, net Investment in Buisson, S.A 870,000 857,000 399,000 430,000 Land (undeveloped) Total assets 252,000 252,000 $ 2,561,000 $ 2,632,000 Liabilities and Stockholders' Equity Accounts payable $ 381,000 $ 338,000 Long-term debt 1,036,000 1,036,000 Stockholders' equity 1,144,000 1,258,000 Total liabilities and stockholders' equity $ 2,561,000 $ 2,632,000 Joel de Paris, Inc. Income Statement Sales $ 5,211,000 Operating expenses Net operating income 4,273,020 937,980 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