Financial data for Joel de Paris Inc. for last year follow: Beginning Balance $ JOEL DE PARIS INC. Balance Sheet Ending Balance Assets Cash $ 120,000 Accounts receivable 530,000 Inventory 380,000 Plant and equipment, net 620,000 Investment in Buisson, S.A. 280,000 Land (undeveloped) 170,000 Total assets $ 2,100,000 Liabilities and Shareholders' Equity Accounts payable $ 310,000 Long-term debt 1,500,000 Shareholders' equity 299, eee Total liabilities and shareholders' equity $ 2, 100, eee 140,000 450,000 320,000 680,000 250,000 180,000 2,020,888 $ $ 360,082 1,500,000 160,000 2,020,000 $ JOEL DE PARIS INC. Income Statement Sales Less: Operating expenses Net operating income Less: Interest and taxes: Interest expense $ 150,000 Tax expense 110,000 Net income $ 4,650,000 3,645,000 405,000 260,000 145,000 $ The company pald dividends of $15,000 last year. The "Investment in Bulsson, S.A" on the balance sheet represents an Investment in the shares of another company. Required: 1. Compute the company's margin, turnover, and ROI for last year. (Do not round Intermediate calculations. Round "Turnover" answer to 1 decimal place.) 96 Margin Turnover ROI 96 2. The board of directors of Joel de Paris Inc. has set a minimum required return of 15%. What was the company's residual income last year? Residual income