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Financial data for Redstone Company for last year appear below: The company paid dividends of $152,000 last year The Investment in Balsam Company on the
Financial data for Redstone Company for last year appear below: The company paid dividends of $152,000 last year The "Investment in Balsam Company" on the statement of financial position represents an investment in the stock of another company. Compute the company's margin, turnover, and return on investment for last year. (Round your intermediate calculations and final answers to 2 decimal places.) The Board of Directors of Redstone has set a minimum required return of 35%. What was the company's residual income last year? (Round your intermediate calculations and final answers to 2 decimal places.)
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