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Financial data for Beaker Company for last year appear below Beaker Company Statements of Financial Position Beginning Balance Assets Endine Balance Accounts receivable Inventory Plant
Financial data for Beaker Company for last year appear below Beaker Company Statements of Financial Position Beginning Balance Assets Endine Balance Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets $ 290,000 209,000 282,000 430,000 304,000 241 , $1,756,000 $ 451,280 193,000 232,800 393,000 255,000 241,000 $1,765,280 Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity $ 208,000 824, een 724,000 $1,756,000 $ 175,000 824,000 766,288 $1,765,280 Beaker Company Income Statement Sales Less operating expenses Net operating income Less interest and taxes: Interest expense $103,600 Tax expense 141,120 Net income $1,960,000 1,519,000 441,000 244,720 196,280 $ 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 incom year? Complete this question by entering your answers in the tabs below. Required A Required B
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