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Financial data for Beaker Company for last year appears below: Beaker Company Statement of Financial Position Beaker Company Income Statement Beginning Balance Ending Balance Sales

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Financial data for Beaker Company for last year appears below: Beaker Company Statement of Financial Position Beaker Company Income Statement Beginning Balance Ending Balance Sales Less operating expenses Net operating income $ 414,000 351,900 62,100 Assets: Cash Accounts Receivable Inventory Plant and Equipment Investments Land(undeveloped) Total Assets $ 50,000 $ 70,000 20,000 25,000 30,000 35,000 120,000 110,000 80,000 100,000 170,000 170,000 $ 470,000 $ 510,000 Less interest and taxes: Interest expenses $ 30,000 Tax expense 10,000 Operating Income 40,000 $ 22,100 Liabilities and Owners' Equity: Accounts Payable Long Term Debt Owners' Equity Total Liabilities and Owner's Equity $ 70,000 $ 90,000 250,000 250,000 150,000 170,000 $ 470,000 $ 510,000 The company paid dividends of $2,100 last year. The "Investments" 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 have set a minimum required return of 20%. What was the company's residual income last year

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