Question
financial data for windsor, inc. for last year appear below: windsor, inc. statements of financial position beginning balance ending balance assets: cash $ 346,000 $
financial data for windsor, inc. for last year appear below: windsor, inc. statements of financial position beginning balance ending balance assets: cash $ 346,000 $ 324,792 accounts receivable 202,000 159,000 inventory 298,000 299,000 plant and equipment (net) 463,000 455,000 investment in pine company 318,000 293,000 land (undeveloped) 237,000 237,000 total assets $ 1,864,000 $ 1,767,792 liabilities and owners' equity: accounts payable $ 249,000 $ 228,000 long-term debt 855,000 855,000 owners' equity 760,000 684,792 total liabilities and owners' equity $ 1,864,000 $ 1,767,792 windsor, inc. income statement sales $ 1,790,000 less operating expenses 1,440,950 net operating income 349,050 less interest and taxes: interest expense $ 98,600 tax expense 125,658 224,258 net income $ 124,792 the company paid dividends of $200,000 last year. the "investment in pine company" on the statement of financial position represents an investment in the stock of another company. required: a. compute the company's margin, turnover, and return on investment for last year. (round your intermediate calculations and final answers to 2 decimal places. omit the "%" sign in your response.) margin % turnover return on investment % b. the board of directors of windsor, inc. has set a minimum required return of 25%. what was the company's residual income last year? (round your intermediate calculations and final answers to 2 decimal places. omit the "$" sign in your response.) residual income $
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