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Financial data for Bridger Inc. for last year are as follows: BRIDGER INC. Balance Sheet Ending Balance Beginning Balance $ $ Assets Cash Accounts receivable
Financial data for Bridger Inc. for last year are as follows: BRIDGER INC. Balance Sheet Ending Balance Beginning Balance $ $ Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Brier Company Land (undeveloped) 155,000 410,000 420,000 725,000 500,000 320,000 150,000 270,000 480,000 740,000 470,000 320,000 Total assets $2,530,000 $2,430,000 Liabilities and Shareholders' Equity Accounts payable Long-term debt Shareholders' equity $ 290,000 1,000,000 1,240,000 $ 320,000 1,000,000 1,110,000 Total liabilities and shareholders' equity $2,530,000 $2,430,000 BRIDGER INC. Income Statement Sales Operating expenses $ 4,020,000 3,417,000 603,000 Operating income Interest and taxes: Interest expense Tax expense $125,000 205,000 330,000 Net income $ 273,000 The company paid dividends of $122,000 last year. The "Investment in Brier Company" on the balance sheet represents an investment in the common shares of another company. Required: 1. Compute the company's margin, turnover, and Rol for last year. (Round your intermediate calculations and final answers to 1 decimal place.) Margin Turnover ROI 2. The board of directors of Bridger Inc. has set a minimum required return of 20%. What was the company's residual income last year? Residual income
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