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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 129,000

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

Joel de Paris, Inc. Balance Sheet
Beginning Balance Ending Balance
Assets
Cash $ 129,000 $ 126,000
Accounts receivable 340,000 476,000
Inventory 565,000 473,000
Plant and equipment, net 886,000 885,000
Investment in Buisson, S.A. 404,000 428,000
Land (undeveloped) 248,000 255,000
Total assets $ 2,572,000 $ 2,643,000
Liabilities and Stockholders' Equity
Accounts payable $ 387,000 $ 334,000
Long-term debt 962,000 962,000
Stockholders' equity 1,223,000 1,347,000
Total liabilities and stockholders' equity $ 2,572,000 $ 2,643,000

Joel de Paris, Inc. Income Statement
Sales $ 4,656,000
Operating expenses 4,050,720
Net operating income 605,280
Interest and taxes:
Interest expense $ 124,000
Tax expense 199,000 323,000
Net income $ 282,280

The company paid dividends of $158,280 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 Turnover answer to 1 decimal place. Round your Margin and ROI percentage answers to 1 decimal place (i.e 0.123 should be entered as 12.3.))

2.

The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 19%. What was the companys residual income last year?

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