Financial data for ClydeCo for last year appear below. Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Sylvester Company Land (undeveloped) Total assets Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity ClydeCo Statements of Financial Position Beginning Balance $ 341,000 188,000 260,000 448,000 315,000 Ining Balance $336,590 192,000 251,000 385,000 257,000 301,000 301,000 $1,853,000 $1,722,590 $ 203,000 892,000 758,000 $1,853,000 $ 206,000 892,000 624,590 $1,722,590 ClydeCo Income Statement ales ess operating expenses $2,350,000 2,103,250 346.759 49 Sales ClydeCo Income Statement Less operating expenses Net operating income Less interest and taxes: Interest expense Tax expense Net income $2,350,000 2,103,250 246,750 $ 99,200 78,960 178,160 68,590 The company paid dividends of $202,000 last year. The "Investment in Sylvester 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 ClydeCo has set a minimum required return of 18%. What was the company's residual income last Complete this question by entering your answers in the tabs below