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1 48-21 TB Problem Qu. 10-168 Financial data for Beaker.... Financial data for Beaker Company for last year appear below: Plant and equipment (net)
1 48-21 TB Problem Qu. 10-168 Financial data for Beaker.... Financial data for Beaker Company for last year appear below: Plant and equipment (net) ok Beaker Company Statements of Financial Position Beginning Balance Assets: Cash Accounts receivable Inventory Investment in Cedar Company Land (undeveloped) Total assets Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity $ 266,000 195,000 328,000 475,000 281,000 Ending Balance $ 725,370 138,000 285,000 380,000 194,000 $1,739,000 $170,000 846,000 723,000 $1,739,000 333,000 194,000 $2,055, 370 $ 226,000 846,000 983, 370 $2,055,370 Beaker Company Income Statement Sales Less operating expenses Net operating income) Less interest and taxes: Interest expense Tax expense Net income $101,800 207,930 $2,390,000 1,696, 900 693,100 309, 730 $ 383,370 The company paid dividends of $123,000 last year. The "Investment in Cedar Company" on the statement of financial position represents an investment in the stock of another company. 05 Required: a. Compute the company's margin, turnover, and return on investment for last year. b. The Board of Directors of Beaker Company has set a minimum required return of 45%. What was the company's residual income last year? Complete this question by entering your answers in the tabs below. Required A Required B Compute the company's margin, turnover, and return on investment for last year. (Round your "Percentage" answers to 2 decimal places.) Margin Turnover Return on investment Required A Required B > k Required: a. Compute the company's margin, turnover, and return on investment for last year. b. The Board of Directors of Beaker Company has set a minimum required return of 45%. What was the company's residual income last year? Complete this question by entering your answers in the tabs below. Required A Required B The Board of Directors of Beaker Company has set a minimum required return of 45%. What was the company's residual Income last year? (Round your intermediate calculations and final answers to 2 decimal places.) Residual income < Required A Required
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