Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 133,000 $ 129,000 Accounts receivable 331,000 475,000 Inventory 565,000 485,000 Plant and equipment, net 891,000 871,000 Investment in Buisson, S.A. 404,000 430,000 Land (undeveloped) 252,000 251,000 Total assets $ 2,576,000 $ 2,641,000 Liabilities and Stockholders' Equity Accounts payable $ 374,000 $ 337,000 Long-term debt 1,025,000 1,025,000 Stockholders' equity 1,177,000 1,279,000 Total liabilities and stockholders' equity $ 2,576,000 $ 2,641,000 Joel de Paris, Inc. Income Statement Sales $ 5,238,000 Operating expenses 4,557,060 Net operating income 680,940 Interest and taxes: Interest expense $ 120,000 Tax expense 206,000 326,000 Net income $ 354,940 The company paid dividends of $252,940 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 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?