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

Joel de Paris, Inc. Balance Sheet
	Beginning Balance		Ending Balance
Assets
Cash	$	131,000	$	127,000
Accounts receivable		338,000		480,000
Inventory		566,000		470,000
Plant and equipment, net		835,000		833,000
Investment in Buisson, S.A.		405,000		425,000
Land (undeveloped)		249,000		249,000
Total assets	$	2,524,000	$	2,584,000
Liabilities and Stockholders' Equity
Accounts payable	$	377,000	$	347,000
Long-term debt		1,037,000		1,037,000
Stockholders' equity		1,110,000		1,200,000
Total liabilities and stockholders' equity	$	2,524,000	$	2,584,000

Joel de Paris, Inc. Income Statement
Sales		$	4,347,000
Operating expenses			3,694,950
Net operating income			652,050
Interest and taxes:
Interest expense	117,000
Tax expense	200,000		317,000
Net income		$	335,050

paid dividends of $245,05 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company The company Required: 1. Compute the company's margin, turnover, and return on investment (ROI) for last year. (Round your answers to 1 mal place.) Margin Turnover times ROI 2. The board of directors of el de Paris, Inc., has set a minimum required rate of return of 15%. What was the company's residual income last year? Net operating income Minimum required return Residual income