Financial data for Rhys Hoskins Company for 2018 appear below: Rhys Hoskins Company Statements of Financial Position Ending Beginning Balance Balance Assets: 252,000 $197,853 165,000 298,000 470,000 Cash Accounts receivable 189,000 236,000 445,000 Inventory Plant and equipment (net) Investment in Kapler Company 287,000 311,000 Stock Land (undeveloped) 410,000 410,000 $1,882,000 $1,788,853 Total assets Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity 227,000 149,000 860,000 795,000 860,000 779,853 Total liabilities and owners' equity $1,882,000 $1,788,853 Rhys Hoskins Company Income statement 2,270,000 $ Sales Less operating expenses 1,884,100 Net operating income Less interest and taxes: 385,900 $104,700 Interest expense 127,347 Tax expense 232,047 153,853 Net income 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.) 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