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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 Inventory Plant
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) Total assets $ 159,000 590,000 600,000 821,000 540,000 360,000 $ 154,000 450,000 680,000 846,000 510,000 360,000 $3,070,000 $3,000,000 Liabilities and Shareholders' Equity Accounts payable Long-term debt Shareholders' equity $ 430,000 1,200,000 1,440,000 $ 470,000 1,200,000 1,330,000 Total liabilities and shareholders' equity $3,070,000 $3,000,000 BRIDGER INC. Income Statement Sales Operating expenses $4,300,000 3,698,000 602,000 Operating income Interest and taxes: Interest expense Tax expense $110,000 209,000 319,000 Net income $ 283,000 The company paid dividends of $126,000 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 ROI for last year. (Round your intermediate calculations and final answers to 1 decimal place.) of Margin Turnover ROI % 2. The board of directors of Bridger Inc. has set a minimum required return of 19%. What was the company's residual income last year? Residual income
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