Financial data for Joel de Paris, Inc., for last year follow: Ending Balance $ Joel de Paris, Inc. Balance Sheet Beginning Balance Assets Cash 131,000 Accounts receivable 341,000 Inventory 577,000 Plant and equipment, net 851,000 Investment in Buisson, S.A. 403,000 Land (undeveloped) 252,000 Total assets $ 2,555,000 Liabilities and Stockholders' Equity Accounts payable $ 381,000 Long-term debt 1,034,000 Stockholders' equity 1,140,000 Total liabilities and stockholders' equity $ 2,555,000 129,000 489,000 475,000 847,000 427,000 248,000 2,615,000 $ $ 335,000 1,034,000 1,246,000 2,615,000 $ Joel de Paris, Inc. Income Statement $ 3,840,000 3,264,000 576,000 Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income 125,000 202,000 327,000 249,000 $ The company paid dividends of $143,000 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company. The company paid dividends of $143,000 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 (ROI) for last year. (Round your answers to 1 decimal place.) Margin % times Turnover ROI 2. The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 22%. What was the company's residual income last year? Net operating income Minimum required return Residual income