Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets 140,000 479,000 486,000 835,000 426,000 247,000 $ 2,544,000 2,613,000 130,000 $ 335,000 565,000 870,000 398,000 246,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity 333,000 958,000 1,322,000 $ 2,544,000 $ 2,613,000 378,000 $ 958,000 1,208,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes $ 4,992,000 4,392,960 599,040 Interest expense Tax expense 119,000 197,000 316,000 $283,040 Net income The company paid dividends of $169,040 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 company's margin, turnover, and return on investment (ROI) for last year. (Round your answers to 1 decimal place.) Margin Turnover ROl imes 2. The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 16%. What was the company's residual income last year? Net operating income Minimum required return Residual income