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

Joel de Paris, Inc. Balance Sheet
Beginning Balance	Ending 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, S.A.	250,000	280,000
Land (undeveloped)	180,000	170,000
Total assets	$	2,020,000	$	2,100,000
Liabilities and Stockholders' Equity
Accounts payable	$	360,000	$	310,000
Long-term debt	1,500,000	1,500,000
Stockholders' equity	160,000	290,000
Total liabilities and stockholders' equity	$	2,020,000	$	2,100,000

Income Statement

sales 4050000

operating expenses 3645000

net operating income 405000

interest expense 150000

tax expense 110000 260000

net income 140000

The company paid dividends of $15,000 last year. the "invesatment in Buisson S.A.: on the balance sheet represents an investment in the stock of another company.

Answer (please show all work)

1. comput the companys margin, turnover, and return on investment (ROI) for last year.

2. The board of directors has set a minimum required rate of return of 15%. what is the companys residual income last year?