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Financial data for Beaker Company for last year appear below Beaker Company Statements of Financial Position teginning Balance Assets Cash $ 252.000 Accounts receivable 165.000
Financial data for Beaker Company for last year appear below Beaker Company Statements of Financial Position teginning Balance Assets Cash $ 252.000 Accounts receivable 165.000 Inventory Plant and equipment (net) 295.000 470,000 Investment in Cedar Company 287,000 Land (undeveloped) 410.ee Total assets $1,082,000 Liabilities and owners' equity Accounts payable 5 227,000 Long-term debt $60,000 Ouers' equity 295.000 Total liabilities and owners' equity $1,882,000 Eeding Balance $ 197,833 119,00 236,000 445,000 311,00 418,eee $1,788,858 $ 149.000 160.000 779,853 51.783,853 Beaker Company Income Statement ales Less operating expenses Net operating income Less interest and taxes Interest expense $184,700 Tax expense 127,347 het income $2,270,000 1.154,100 385,000 712,047 $ 151,053 The company paid dividends of $169.000 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, tumover, and return on investment for last year b. The Board of Directors of Beaker Company has set a minimum required retum 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 Compute the company's margin, turnover, and return on investment for last year. (Round your "Percentage" answers to 2 decimal places.) Margin Tumover Return on investment Reque Required B > was the company's residual income last Complete this question by entering your answers in the tabs below. Required A Required 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 answers to decimal places.) Residual income
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