Balance Balance $ Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Brier Company Land (undeveloped) 164,099 480,000 490,000 896,000 590,000 410,000 $ 159,000 340,000 540,000 931,000 560,000 410,000 Total assets $3,030,000 $2,940,000 Liabilities and Shareholders' Equity Accounts payable Long-term debt Shareholders' equity Total liabilities and shareholders' equity $ 350,000 1,200,000 1,480,000 $ 390,000 1,200,000 1,350,000 $3,030,000 $2,940,000 BRIDGER INC. Income Statement Sales Operating expenses Operating income Interest and taxes: Interest expense $134,000 Tax expense 214,000 $4,400,000 3,740,000 660,000 348,000 Net income $ 312,800 The company paid dividends of $193,000 last year. The "Investment in Brier Company" on the balance sheet represents an investment in the common shares of another company. Required: 1. Compute the company's margin, turnover, and ROI for last year. (Round your intermediate calculations and final answers to 1 decimal place.) Margin Turnover ROI % 2. The board of directors of Bridger Inc. has set a minimum required return of 20%. What was the company's residual income last year? Residual income