Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash $ 50,000 $ 70,000 Accounts receivable 20,000 25,000 Inventory 30,000 35,000 Plant and equipment (net) 120,000 110,000 Investment in Cedar Company 80,000 100,000 Land (undeveloped) 170,000 170,000 Total assets $ 470,000 $510,000 Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity $ 70,000 250,000 150,000 $ 470,000 $ 90,000 250,000 170,000 $510,000 $414,000 351,900 Beaker Company Income Statement Sales Less operating expenses Net operating income Less interest and taxes: Interest expense $30,000 Tax expense 10,000 Net income 62,100 40,000 $ 22,100 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