Financial data for Redstone Company for last year appear below: 
The company paid dividends of $32, 200 last year.The "Investment in Balsam 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 Redstone has set a minimum required return of 25%.What was the company's residual income last year?
Definitions:
Limited Time
A situation or condition where there is a restricted duration available to complete a task or achieve an objective.
Fundamental Attribution Error
The tendency to overestimate the influence of personality and underestimate the influence of situations in judging others' behavior.
Experiment
A systematic and scientific procedure carried out to test a hypothesis by manipulating variables and observing the outcome.
Social Sciences
The branch of science dedicated to the study of societies and the relationships among individuals within those societies.
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