Financial data for Beaker Company for last year appear below: Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity Beaker Company Statements of Financial Position Beginning Balance $ 290,000 209, 000 282, 000 Ending Balance $ 451, 280 193, 000 232, 000 430, 000 393, 000 304, 000 255, 000 241,000 $1, 756, 000 241,000 $1,765, 280 $ 208,000 824, 000 724, 000 $1,756,000 $ 175,000 824, 000 766, 280 $1,765, 280 Beaker Company Income Statement Sales Less operating expenses Net operating income Less interest and taxes: Interest expense Tax expense Net income $1,960,000 1, 519,000 441,000 $103, 600 141, 120 244, 720 $ 196, 280 The company paid dividends of $154,000 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 30%. What was the company's residual income last year?