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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) $ 163,000 470,000 480,000 717,000 580,000 400,000 $ 158,000 330,000 520,000 762,000 550,000 400,000 Total assets $2,810,000 $2,720,000 Liabilities and Shareholders' Equity Accounts payable Long-term debt Shareholders' equity $ 340,000 1,100,000 1,370,000 $ 380,000 1,100,000 1,240,000 Total liabilities and shareholders' equity $2,810,000 $2,720,000 BRIDGER INC. Income Statement Sales Operating expenses $4,320,000 3,715,200 604,800 Operating income Interest and taxes: Interest expense Tax expense $133,000 213,000 346,000 Net income $ 258,800 The company paid dividends of $130,800 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.) Margin Tumover 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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