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Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance $ 290,000 209,000 Ending Balance $
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance $ 290,000 209,000 Ending Balance $ 451,280 193,000 Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity ' Total liabilities and owners equity Beaker Company Income Statement Sales Less operating expenses $1,960,000 1,519,000 Net operating income 441,000 Less interest and taxes: Tax expense Interest expense Net income $103,600 141,120 244,720 $ 196,280 282,000 430,000 304,000 241,000 $1,756,000 232,000 393,000 255,000 241,000 $1,765,280 $ 208,000 $ 175,000 824,000 824,000 724,000 $1,756,000 766,280 $1,765,280 The company paid dividends of $154,000 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 30%. 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 22.50 % % < Required A Required B > 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 30%. 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 30%. What was the company's residual income last year? (Round your intermediate calculations and final answer to 2 decimal places.) Residual income < Required A Required B
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