Financial data for ClydeCo for last year appear below Clydeco Assets: 24 Cash Accounts receivable Inventory Plant and equipment (net) Investment in Sylvester Company Land (undeveloped) Total assets Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity Sales Statements of Financial Position ClydeCo Income Statement $2,480,000 Beginning Balance $ 295,000 178,000 Ending Balance 5 336,524 180,000 275,000 480,000 306,000 273,000 $1,807,000 222,000 441,000 322,000 273,000 $1,774,524 $ 224,000 824,000 759,000 $1,807,000 $ 197,000 824,000 753,524 $1,774,524 Nout 5 2012 Portal 12b2ities and In Statement Sales Less operating expenses Net operating Income Less interest and taxes: Interest expense Tax expense Net income 598,100 151,776 $3,400,000 2,033,600 446,400 250,876 $ 195,524 The company paid dividends of $201,000 last year. The "Investment in Sylvester 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 ClydeCo has set a minimum required return of 34%. What was the company's residual income last year? Complete this question by entering your answers in the tabs below. Required A Required B < Prev 5 of 10 Next >