QUESTION 6 Financial data for Windsor, Inc. for last year appear below: Windsor, Inc. Statements of Financial Position Beginning Balance Ending Balance Assets: Cash ..... Accounts receivable... Inventory.. Plant and equipment (net)..... Investment in Pine Company... Land (undeveloped)... Total assets $ 250,000 120,000 230,000 420,000 220,000 430,000 $1,670,000 $ 260,000 135,000 205,000 380,000 250,000 430,000 $1,660.000 Liabilities and owners' equity: Accounts payable. ....... Long-term debt. Owners' equity.... Total liabilities and owners' equity.......... $ 160,000 800,000 710,000 $1.670,000 $ 140,000 800,000 720.000 $1,660.000 Windsor, Inc. Income Statement $1,750,000 1.470.000 280,000 Sales Less operating expenses.......... Net operating income. Less interest and taxes: Interest expense.. Tax expense. Net income .... $96,000 70,000 166.000 $ 114,000 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 2546. What was the company's residual income last year