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?
Definitions:
Marginal Revenue
The additional revenue that a company receives from selling one more unit of a good or service.
Downward-Sloping Demand
A common economic principle where the quantity demanded of a good or service decreases as its price increases.
Quantity Tax
A tax that is levied on the quantity of a good produced or sold, rather than its price.
Marginal Cost
The rise in overall expenses resulting from the production of an extra unit of a product or service.
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