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

Joel de Paris, Inc. Balance Sheet
	Beginning Balance		Ending Balance
Assets
Cash	$	137,000	$	128,000
Accounts receivable		342,000		484,000
Inventory		562,000		481,000
Plant and equipment, net		789,000		777,000
Investment in Buisson, S.A.		406,000		430,000
Land (undeveloped)		253,000		245,000
Total assets	$	2,489,000	$	2,545,000
Liabilities and Stockholders' Equity
Accounts payable	$	370,000	$	350,000
Long-term debt		1,019,000		1,019,000
Stockholders' equity		1,100,000		1,176,000
Total liabilities and stockholders' equity	$	2,489,000	$	2,545,000

Joel de Paris, Inc. Income Statement
Sales		$	4,255,000
Operating expenses			3,574,200
Net operating income			680,800
Interest and taxes:
Interest expense	$ 113,000
Tax expense	209,000		322,000
Net income		$	358,800

The company paid dividends of $282,800 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 answers to 2 decimal places.)

Margin		%
Turnover
RoI		%

2.

The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 17%. What was the companys residual income last year?

Net Operating Income
Minimum Required Return
Residual Income	$