Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Balance Balance Assets: Cash................................... $50000 $70000 Accounts receivable................ 20000 25000 Inventory............................. 30000 35000 Plant & Equipment (net)........... 120000 110000 Investment in Cedar Company.... 80000 100000 Land (undeveloped)................ 170000 170000 _____________________ Total Assets.......................... $470000 $510000 ______________________ Liabilities and owners' equity: Accounts payable.................... $70000 $90000 Long-term debt...................... 250000 250000 Owners' equity....................... 150000 170000 ____________________ Total Liabilities and owners' equity $470000 $510000 ____________________ Income Statement Sales.................................. $414000 Less operating expenses........... 351900 ______ Net operating income.............. $62100 Less interest and taxes: Interest expense................. $30000 Tax expense...................... 10000 40000 _____________ Net income......................... $22100 The company paid dividends of $2,100 last year. The "Investment in Cedar 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 Beaker Company has set a minimum required return of 20%. What was the company's residual income last year