Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 127,000 $ 139,000 Accounts receivable 337,000 484,000 Inventory 572,000 478,000 Plant and equipment, net 854,000 829,000 Investment in Buisson, S.A. 395,000 428,000 Land (undeveloped) 246,000 249,000 Total assets $ 2,531,000 $ 2,607,000 Liabilities and Stockholders' Equity Accounts payable $ 383,000 $ 347,000 Long-term debt 1,022,000 1,022,000 Stockholders' equity 1,126,000 1,238,000 Total liabilities and stockholders' equity $ 2,531,000 $ 2,607,000 Joel de Paris, Inc. Income Statement Sales $ 4,202,000 Operating expenses 3,487,660 Net operating income 714,340 Interest and taxes: Interest expense $ 112,000 Tax expense 201,000 313,000 Net income $ 401,340 The company paid dividends of $289,340 last year. The Investment in Buisson, S.A., on the balance sheet represents an investment in the stock of another Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 127,000 $ 139,000 Accounts receivable 337,000 484,000 Inventory 572,000 478,000 Plant and equipment, net 854,000 829,000 Investment in Buisson, S.A. 395,000 428,000 Land (undeveloped) 246,000 249,000 Total assets $ 2,531,000 $ 2,607,000 Liabilities and Stockholders' Equity Accounts payable $ 383,000 $ 347,000 Long-term debt 1,022,000 1,022,000 Stockholders' equity 1,126,000 1,238,000 Total liabilities and stockholders' equity $ 2,531,000 $ 2,607,000 Joel de Paris, Inc. Income Statement Sales $ 4,202,000 Operating expenses 3,487,660 Net operating income 714,340 Interest and taxes: Interest expense $ 112,000 Tax expense 201,000 313,000 Net income $ 401,340 The company paid dividends of $289,340 last year. The Investment in Buisson, S.A., on the balance sheet represents an investment in the stock of another company. company.

Compute the companys margin, turnover, and return on investment (ROI) for last year. (Round your answers to 2 decimal places.)

2.	The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 16%. What was the companys residual income last year?