Windsor, Inc Statements of Financial Position Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equip Investment in Pine Company Land (undeveloped) Total assets S 250,000 120,000 230,000 420,000 220,000 S 260,000 135,000 205,000 380,000 250,000 ment (net) Liabilities and owners' equity: Accounts payable Long-term debt. Owners' equity Total liabilities and owners equity 160,000 S 140,000 800,000 800,000 .... Windsor, Inc Income Statement Sales $1,750,000 I 470,000 280,000 Less operating expenses Net operating income Less interest and taxes Interest expense Tax expense Net income ...S96,000 70,000 166 The company paid dividends of $104,000 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. 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