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

Joel de Paris, Inc. Balance Sheet
	Beginning Balance		Ending Balance
Assets
Cash	$	125,000	$	136,000
Accounts receivable		338,000		471,000
Inventory		562,000		474,000
Plant and equipment, net		835,000		819,000
Investment in Buisson, S.A.		394,000		429,000
Land (undeveloped)		247,000		251,000
Total assets	$	2,501,000	$	2,580,000
Liabilities and Stockholders' Equity
Accounts payable	$	385,000	$	340,000
Long-term debt		986,000		986,000
Stockholders' equity		1,130,000		1,254,000
Total liabilities and stockholders' equity	$	2,501,000	$	2,580,000

Joel de Paris, Inc. Income Statement
Sales		$	3,948,000
Operating expenses			3,395,280
Net operating income			552,720
Interest and taxes:
Interest expense	$ 115,000
Tax expense	205,000		320,000
Net income		$	232,720

The company paid dividends of $108,720 last year. The Investment in Buisson, S.A., on the balance sheet represents an investment in the stock of another company\

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 15%. What was the companys residual income last year? Please calculate the Net Operating Income, Mininum Required Return and Residual Income.