Financial data for Bridger Inc. for last year are as follows:

The company paid dividends of $85,000 last year. The "Investment in Brier Company" on the balance sheet represents an investment in the common shares of another company.

Required:
1. Compute the company's margin, turnover, and ROI for last year.
2. The board of directors of Bridger Inc. has set a minimum required return of 14%. What was the company's residual income last year?

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Assets Cash Accounts receivable Inventory..... Plant and equipment, net. Investment in Brier Company. Land (undeveloped) Total assets... Liabilities and shareholders' equity Accounts payable.. Long-term debt.... Shareholders' equity. Total liabilities and shareholders' equity. Sales .... Operating expenses. Operating income. Interest and taxes: Interest expense Tax expense Net income. BRIDGER INC. Balance Sheet ... Ending Balance Beginning Balance $ 150,000 500,000 510,000 840,000 450,000 270,000 $2,720,000 $ 340,000 1,000,000 1,380,000 $2,720,000 BRIDGER INC. Income Statement $90,000 85.000 $ 145.000 360,000 590,000 865,000 420,000 270,000 $2,650,000 $ 380,000 1,000,000 1,270,000 $2,650,000 $2,090.000 1,776,500 313,500 175,000 $ 138,500