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Please correct the mistakes and explain calculations. Financial data for Redstone Company for last year appear below: The company paid dividends of $111,000 last year.

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Please correct the mistakes and explain calculations.

Financial data for Redstone Company for last year appear below: The company paid dividends of $111,000 last year. The "Investment in Balsam Company" on the statement of financial position represents an investment in the stock of another company. Required: 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 26%. What was the company's residual income last year? (Round your intermediate calculations and final answers to 2 decimal places.) Residual income $94, 579.80

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