Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash $ 295,000 $ 336,524 Accounts receivable 178,000 180,000 Inventory 275,000 222,000 Plant and equipment (net) 480,000 441,000 Investment in Cedar Company 306,000 322,000 Land (undeveloped) 273,000 273,000 Total assets $ 1,807,000 $ 1,774,524 Liabilities and owners' equity: Accounts payable $ 224,000 $ 197,000 Long-term debt 824,000 824,000 Owners' equity 759,000 753,524 Total liabilities and owners equity $ 1,807,000 $ 1,774,524 Beaker Company Income Statement Sales Less operating expenses Net operating income Less interest and taxes: Interest expense $ 99,100 Tax expense 151,776 Net income $ 2,480,000 2,033,600 446,400 250,876 $ 195,524 The company paid dividends of $201,000 last year. The "Investment in Cedar Company" on the statement of financial position The company paid dividends of $201,000 last year. The "Investment in Cedar 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 Beaker Company has set a minimum required return of 34%. What was the company's residual income 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 82.001% Turnover Return on investment % 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 34%. 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 34%. What was the company's residual income last year? (Round your intermediate calculations and final answers to 2 decimal places.) Residual income