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

Joel de Paris, Inc. Balance Sheet
	Beginning Balance		Ending Balance
Assets
Cash	$	128,000	$	129,000
Accounts receivable		332,000		475,000
Inventory		576,000		487,000
Plant and equipment, net		824,000		809,000
Investment in Buisson, S.A.		402,000		429,000
Land (undeveloped)		246,000		251,000
Total assets	$	2,508,000	$	2,580,000
Liabilities and Stockholders' Equity
Accounts payable	$	374,000	$	337,000
Long-term debt		975,000		975,000
Stockholders' equity		1,159,000		1,268,000
Total liabilities and stockholders' equity	$	2,508,000	$	2,580,000

Joel de Paris, Inc. Income Statement
Sales		$	4,888,000
Operating expenses			4,203,680
Net operating income			684,320
Interest and taxes:
Interest expense	124,000
Tax expense	203,000		327,000
Net income		$	357,320

The company paid dividends of $248,320 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 companys margin, turnover, and return on investment (ROI) for last year. (Round your answers to 1 decimal place.)

2. The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 15%. What was the companys residual income last year?

Net operating income?

Minimum required return?

Residual income?