Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash 139,000 $ 39,000 Accounts receivable 349,000 472,000 Inventory 567,000 475,000 Plant and equipment, net 825,000 834,000 Investment in Buisson, S.A 102,000 434,000 Land (undeveloped) 247,000 247,000 Total assets 2,529,000 $ 2,601,000 Liabilities and Stockholders' Equity Accounts payable $ 381,000 $ 335.000 Long-term debt 1,013,000 1,013.000 Stockholders' equity 1,135,000 1,253,000 Total liabilities and stockholders' equity 2,529,000 $ 2,601,000 Joel de Paris, Inc. Income Statement Sales $ 5,130,000 Operating expenses 4,463, 100 Net operating income 666,900 Interest and taxes Interest expense 121,000 Tax expense 210,000 331,000 Net income $ 335,900 The company paid dividends of $217,900 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 times ROI % 2. The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 14%. What was the company's residual income last year? Net operating income Minimum required return Residual income