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Financial data for Joel De Paris, Incorporated, for the last year follow:

Joel De Paris, Incorporated

Balance Sheet Beginning Balance Ending Balance

Assets
Cash	$131,000	$129,000
Accounts Receivable	342,000	477,000
Inventory	572,000	488,000
Plant and equipment, net	795,000	786,000
Investment in Buisson, SA	405,000	429,000
Land (undeveloped)	254,000	251,000
Total assets	$2,499,000	$2,560,000
Liabilities and Stockholders Equity
Accounts payable	$388,000	$332,000
Long term debt	956,000	956,000
Stockholders equity	1,155,000	1,272,000
Total liabilities and stockholders equity	$2,499,000	$2,560,000

Joel De Paris, Incorporated

Income Statement

Sales	$5,208,000
Operating Expenses	4, 374,720
Net operating Income	833,280
Interest and taxes:
Interest expense	$113,000
Tax expense	200,000 total: 313,000
Net income	$520,280

The company paid dividends of $403,280 last year. The Investment in Bussion, SA on the balance sheet represents an investment in the stock of another company. The companys minimum required rate of return 15%.

Required:

Compute the companys return on investment (ROI) for the last year.

What was the companys residual income last year?

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