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Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Assets: Cash Accounts receivable Inventory Plant and equipment
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position 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 Net operating income Less interest and taxes: Interest expense Tax expense Net income $ 2,440,000 2,074,000 366,000 $ 102,000 139,080 241,080 $ 124,920 Beginning Balance Ending Balance $ 273,000 191,000 $ 336,920 200,000 313,000 438,000 255,000 251,000 398,000 277,000 305,000 $ 1,775,000 305,000 $ 1,767,920 $ 192,000 839,000 744,000 $ 171,000 839,000 757,920 $ 1,775,000 $ 1,767,920 The company paid dividends of $111,000 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 26%. 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 % %
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