Financial data for Rhys Hoskins Company for 2018 appear below: Rhys Hoskins Company Statements of Financial Position Beginning Ending Balance Balance Assets: Cash $ 290,000 $ 451,280 Accounts receivable 209,000 193,000 Inventory 282,000 232,000 Plant and equipment (net) 430,000 393,000 Investment in Kapler Company 304,000 255,000 Stock Land (undeveloped) 241,000 241,000 Total assets $1,756,000 $1,765,280 Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity $ 208,000 $ 175,000 824,000 824,000 724,000 766,280 Total liabilities and owners' equity $1,756,000 $1,765,280 Rhys Hoskins Company Income statement 1,960,000 Sales Less operating expenses 1,519,000 441,000 Net operating income Less interest and taxes: Interest expense Tax expense 103,600 $ 141,120 244,720 Net income $ 196,280 Required: a. Compute Rhys Hoskins Company's margin, turnover, and return on investment for 2018. (Round your intermediate calculations and final answers to 2 decimal places.) 22.50% Margin Turnover Return on investment b. The Board of Directors of Rhys Hoskins 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