Beginning Balance Ending Balance Assets : Cash $ 303, 000 $ 337, 392 Accounts receivable 169 , 000 217, 000 Inventory 242, 000 238,000 Plant and equipment (net) 481, 000 407, 000 Long-Term Investment 256, 000 308, 000 Land (held for future use) 280, 000 280, 000 Total assets $ 1, 731, 000 $ 1, 787, 392 Liabilities and owners' equity: Accounts payable $ 171, 000 $ 188, 000 Long-term debt 810 , 000 810, 000 Stockholders' equity 750, 000 789, 392 Total liabilities and owners' equity $ 1, 731, 000 $ 1, 787, 392 Income Statement Sales $ 2, 220, 000 Less operating expenses 1, 687, 200 Net operating income 532 , 800 Less interest and taxes: Interest expense $ 103, 600 Tax expense 191 , 808 295, 408 Net income $ 237, 392 Last year, Marble Patch, Inc. paid dividends of $198,000. The "Long-Term Investments" on the corporation's statemen position represents an investment in the stock of another company. Required: a. Compute Marble Patch, Inc.'s margin, turnover, and return on investment for last year. b. Marble Patch Inc. desires a minimum required return of 40%. What was the corporation's residual income last year? Complete this question by entering your answers in the tabs below. Required A Required B Compute Marble Patch, Inc.'s margin, turnover, and return on investment for last year. (Round your Percentage and Turnov answers to two decimal places.) Margin % Turnover Return on investment %