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Financial data for Stirling, Inc., for last year are as follows: Ending Balance Stirling, Inc Balance Sheet Beginning Balance Assets Cash $ 150,000 Accounts recevable

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Financial data for Stirling, Inc., for last year are as follows: Ending Balance Stirling, Inc Balance Sheet Beginning Balance Assets Cash $ 150,000 Accounts recevable 367.000 Inventory 607.000 Plant and equipment, net 940,000 Investment in Brler Company 438,000 Land (undeveloped) 268.000 $ 147,000 511,000 522.000 924.000 462,000 272.000 Total assets $2.770,000 $2,838,000 Llabllltles and Stockholders Equlty Accounts payable Long-term debt Stockholders'quity $ 414,000 1.051.000 1.305.000 $ 372.000 1.051.000 1,415.000 Total liabilities and stockholders equity $2.770.000 $2.838.000 Stirling, Inc. Income Statement Sales $5,844,000 4,975,520 Operating expenses 868,480 Net operating Income Interest and taxes. Interest expense $ 163.000 236.000 399,000 Tax expense Net Income $469.480 The company paid dividends of $260,480 last year. The "Investment In Brier Company on the balance sheet represents an Investment in the stock of another company. Required: 1. Compute the company's margin, turnover, and return on Investment (ROI) for last year. (Do not round Intermediate calculations. Round your Turnover answer to 2 decimal places. Round your Margin and ROI percentage answers to 2 decimal places (.e., 0.1234 should be entered as 12.34).) % Margin Turnover ROI %6 6 2. The board of directors of Stirling, Inc., has set a minimum required return of 17%. What was the company's residual income last year? Residual income

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