Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc Balance Sheet Ending Balance Balance Assets Cash Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets 131,000 481,000 473,000 815,000 430,000 245,000 $ 2,506,000 2,575,000 127,000$ 345,000 574,000 814,000 392,000 254,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity 389,000$ 1,025,000 340,000 1,025,000 2,506,000 2,575,000 Joel de Paris, Inc. Income Statement $ 4,512,000 3,744,960 767,040 Sales Net operating income Interest and taxes 113,000 Interest expense Tax expense 318,000 $449,040 Net income The company paid dividends of $331,040 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 (ROl) for last year. (Round your answers to 1 decimal place.) Margin Turnover ROI times 2. The board of directors of Joel 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