Financial data for Redstone Company for last year appear below: Ending Balance Redstone Company Statements of Financial Position Beginning Balance Assets: Cash $ 277,000 Accounts receivable 179.000 Inventory 257.000 Plant and equipment (net) 476.000 Investment in Balsam Company 255.000 Land (undeveloped) 335.000 $ 136.386 205,000 270.000 440.000 288.000 335.000 Total assets $1,779,000 $1,674,386 S Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity S 203.000 862.000 714.000 152.000 862.000 660.386 Total liabilities and owners' equity $1,779,000 $1,674,386 Redstone Company Income statement Sales Less operating expenses $ 1,960,000 1,597,400 362.600 Net operating income Less interest and taxes: Interest expense Tax expense $ 105,800 141,414 247 214 Net income S 115,386 The company paid dividends of $169,000 last year. The "Investment in Balsam 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. (Round your intermediate calculations and final answers to 2 decimal places.) Margin Turnover Return on investment b. The Board of Directors of Redstone has set a minimum required return of 30%. What was the company's residual income last year? (Round your intermediate calculations and final answers to 2 decimal places.) Residual income