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Financial data for Beaker Company for last year appear below: 1 Ending Balance Beaker Company Statements of Financial Position Beginning Balance Assets: Cash $ 292,000
Financial data for Beaker Company for last year appear below: 1 Ending Balance Beaker Company Statements of Financial Position Beginning Balance Assets: Cash $ 292,000 Accounts receivable 196,000 Inventory 257000 plant and equipment (net) 487 000 Investment in Cedar Company BO2,000 Land (undeveloped) 278,000 Total assets $ 1,812,000 Liabilities and owners' equity: Accounts payable $ 191,000 Long-term debt 895,000 Owners' equity 726,000 Total liabilities and owners' equity $ 1,812,000 $ 381,892 182,080 279, 090 433,000 333,000 278,000 $ 1,886,892 1:34:01 pok $ 140,000 895,000 851,892 $ 1,886,892 Beaker Company Income Statement $ 2,730,000 2,088,450 641,550 Sales Less operating expenses Net operating income Less interest and taxes: Interest expense Tax expense Net income $ 98,700 230,958 329,658 $ 311,892 The company paid dividends of $186,000 last year. The "Investment in Cedar Company" on the statement of financial position Complete this question by entering your ans Required A Required B Compute the company's margin, turnover, and ret decimal places.) Margin % Turnover Return on investment % em a. Compute the company's margin, turnover, and b. The Board of Directors of Beaker Company has set a minimum required return of 46%. What was the compa 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 46%. What was the company's residual income last year? (Round your intermediate calculations and final answer to 2 decimal places.) Residual income Required
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