Financial data for Windsor,Inc.for last year appear below:
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?
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