21 Financial data for R Ltd. for last year appear below: R Ltd. Statements of Financial Position Beginning Balance $ 290,000 209,000 Ending Balance $ 451,280 193,000 5 points 02:21:09 Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity R Ltd. Income Statement $1,960,000 1,519,000 441,000 Sales Less operating expenses Net operating income Less interest and taxes: Tax expense Interest expense Net income $103,600 141,120 244,720 $ 196,280 282,000 430,000 304,000 241,000 $1,756,000 232,000 393,000 255,000 241,000 $1,765,280 $ 208,000 824,000 724,000 $1,756,000 $ 175,000 824,000 766,280 $1,765,280 The company paid dividends of $154,000 last year. The "Investment in Cedar 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 has set a minimum required return of 30%. What was the company's residual income last year? Complete this question by entering your answers in the tabs below. Required A Required B