16 po 5 Financial data for ClydeCo for last year appear below: Clydeco 011451 Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Sylvester Company Land (undeveloped) Total assets Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity ClydeCo Income Statement Sales Less operating expenses Net operating income Less interest and taxes: Statements of Financial Position Beginning Balance $2,280,000 1,812,600 467,400 $ 336,000 139,000 236,000 452,000 269,000 Ending balance $299,888 149,000 254,000 479,000 267,000 377,000 $1,825,880 377,000 $1,809,000 $ 203,000 834,000 772,000 $1,809,000 $ 185,000 834,000 806,888 $1,825,888 < Prev 5 of 10 Next > 16 5 song-term Owners pity Total liabilities anders equity Clydeco Income Statement Sales Less operating expenses Net operating income otsese Less interest and taxes: Interest expense Tax expense Net income $2,200,000 1,812,600 467,400 $104,900 177,612 282,512 $ 104,888 Save & Exit $185,0 771,000 $1,000,000 The company paid dividends of $150,000 last year. The "Investment in Sylvester Company" on the statement of financial position represents an investment in the stock of another company. Required: a. Compute the company's margin, turnover, and return on investment for last year. b. The Board of Directors of ClydeCo has set a minimum required return of 35%. What was the company's residual income last yeam Complete this question by entering your answers in the tabs below. < Prev 5 of 10 Next >