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Financial data for Bridger Inc. for last year are as follows: BRIDGBR INC. Balance Sheet Ending Beginning Balance Balance Assets Cash 5 154,000 $ 149,000
Financial data for Bridger Inc. for last year are as follows: BRIDGBR INC. Balance Sheet Ending Beginning Balance Balance Assets Cash 5 154,000 $ 149,000 Accounts receivable 400,000 260,000 Inventory 410,000 490,000 Plant and equipment, net 686,000 731,000 Investment in Erie: Company 050,000 460,000 Land (undeveloped) 310,000 310,000 Total assets $2,450,000 $2,400,000 Liabilities and shareholders' equity Accounts payable S 200,000 $ 250,000 Longterm debt 1,000,000 1,000,000 Shareholders' equity 1,250,000 1,150,000 Total liabilities and shareholders' equity $2,450,000 52:4001000 BRIDGE}! INC. Income Statement Sales $4,100,000 Operating expenses 3,567,000 Operating income 533,000 Interest and taxes: Interest expense $124,000 Tax expense 200,000 323,000 Net income 5 205,000 The company paid dividends of $100,000 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 2 decimal places.) _I- rvrrover -. m-I 2. The board of directors of Bridger Inc. has set a minimum required return of18%, What was the company's residual income last year
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