Help Save & Exit Submit ABC Co. Balance Sheet Assets : Beginning Balance Ending Balance Cash Accounts receivable $ 335 , 000 $ 471, 760 210, 000 Inventory 176, 000 296, 000 Property, plant and equipment (net) 264, 000 508 , 000 Investment in XYZ Co. 460, 000 229, 000 295, 000 Investement in Land 182, 000 182, 000 Total assets $1, 760, 000 $1, 848, 760 Liabilities and owners' equity: Accounts payable $ 190, 000 $ 235 , 000 Long-term debt 833, 000 833, 000 Owners' equity 737, 000 780, 760 Total liabilities and owners' equity $1, 760, 000 $1, 848, 760 ABC Co. Income Statement $2, 050, 000 Sales 1, 517, 000 Minus operating expenses 533, 000 Net operating income Minus interest and taxes: Interest expense $ 96, 700 202, 540 299, 240 Tax expense $ 233, 760 Net income ABC paid dividends in the amount of $190,000. 3 of 9 Next > Preval Exam i Saved Help Save & Exit Submit JULLO PL, UJU, JUU Minus operating expenses 1, 517, 000 Net operating income 533, 000 Minus interest and taxes: Interest expense $ 96, 700 Tax expense 202, 540 299, 240 Net income $ 233, 760 ABC paid dividends in the amount of $190,000. Required: a. Calculate ABC Co's margin, turnover, and return on investment for last year. b. ABC Co. requires a minimum required return of 35%. Calculate its residual income. Complete this question by entering your answers in the tabs below. Required A Required B Compute the company's margin, turnover, and return on investment for last year. (Round your "Percentage" answers to 2 decimal places.) Margin % Turnover Return on investment o Required A Required B > 9 Next >estion 3 - 202 Saved Help JULLS Save & Exit Su PL , UJU, UVU Minus operating expenses 1, 517, 000 Net operating income 533, 000 Minus interest and taxes: Interest expense $ 96, 700 Tax expense 202, 540 299, 240 Net income $ 233, 760 ABC paid dividends in the amount of $190,000. :07 Required: a. Calculate ABC Co's margin, turnover, and return on investment for last year. b. ABC Co. requires a minimum required return of 35%. Calculate its residual income. Complete this question by entering your answers in the tabs below. Required A Required B The Board of Directors of Beaker Company has set a minimum required return of 35%. What was the company's residual income last year? (Round your intermediate calculations and final answer to 2 decimal places.) Residual income