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PROBLEM 11-18 Return on Investment (ROI) and Residual Income (LOI, LO2] Financial data for Bridger, Inc., for last year are as follows: excel Bridger, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable. Inventory Plant and equipment, net Investment in Brier Company Land (undeveloped) Total assets $ 125,000 340,000 570,000 845,000 400,000 250,000 $2,530,000 $ 130,000 480,000 490,000 820,000 430,000 250,000 $2,600,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 380,000 1,000,000 1,150,000 $2,530,000 $ 340,000 1,000,000 1,260,000 $2,600,000 Bridger, Inc. Income Statement $4,180,000 3,553,000 627,000 Sales.. Operating expenses Net operating income. Interest and taxes: Interest expense Tax expense Net income $120,000 200,000 320,000 $ 307,000 The company paid dividends of $197,000 last year. The "Investment in Brier Company" on the balance sheet represents an investment in the stock of another company. Required: 1. Compute the company's margin, turnover, and return on investment (ROI) for last year. 2. The board of directors of Bridger, Inc., has set a minimum required return of 20%. What was the company's residual income last year