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Financial data for Stirling, Inc., for last year are as follows:

Stirling, Inc. Balance Sheet
	Beginning Balance		Ending Balance
Assets
Cash	$	145,000	$	142,000
Accounts receivable		352,000		496,000
Inventory		587,000		502,000
Plant and equipment, net		910,000		894,000
Investment in Brier Company		423,000		447,000
Land (undeveloped)		258,000		262,000
Total assets	$	2,675,000	$	2,743,000
Liabilities and Stockholders' Equity
Accounts payable	$	399,000	$	357,000
Long-term debt		1,016,000		1,016,000
Stockholders' equity		1,260,000		1,370,000
Total liabilities and stockholders' equity	$	2,675,000	$	2,743,000

Stirling, Inc. Income Statement
Sales		$	5,644,000
Operating expenses			4,875,520
Net operating income			768,480
Interest and taxes:
Interest expense	$ 148,000
Tax expense	216,000		364,000
Net income		$	404,480

The company paid dividends of $240,480 last year. The "Investment in Brier Company" on the balance sheet represents an investment in the stock of another company.

Required:
1.	Compute the companys margin, turnover, and return on investment (ROI) for last year. (Do not round intermediate calculations. Round your Turnover answer to 2 decimal places. Round your Margin and ROI percentage answers to 2 decimal places (i.e., 0.1234 should be entered as 12.34).)
	Margin = % Turnover = ROI = %

2.	The board of directors of Stirling, Inc., has set a minimum required return of 12%. What was the companys residual income last year?
	Residual Income = $

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