ng Enabled Exam 3: Master/Flexible Buogojite weaker company Statements of PCA) Pitto Begining aling Relance # 336,900 $ 299,999 149,005 256,000 Assetes Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets Liabilities and owners' equity Accounts payable Long-term debt Owners equity Total liabilities and owners' equity 1,809,000 139,000 236,000 452,000 365,000 377,000 479,000 267,000 377,000 $1,825,000 $ 185,000 834,000 806,988 $ 1,825,808 $203,000 834,000 772,000 $ 1,809,000 Beaker Company Income Statement Sales Less operating expenses Net operating income Less interest and taxes: Interest expense Tax expense Net income $2,280,000 1,812,600 467,400 $ 104,900 177,612 282,512 $184,888 company paid dividends of $150,000 last year. The "Investment in Cedar Company" on the statement of financial position resents an investment in the stock of another company. uired: ompute the company's margin, turnover, and return on investment for last year. e Board of Directors of Beaker Company has set a minimum required return of 35%. What was the company's residual income last mplete this question by entering your answers in the tabs below. Financial data for Beaker Assets: Cash Beaker Company Statements of Financial Position Beginning Balance Ending Balance $ 336,000 139,000 $ 299,888 Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity Beaker Company Income Statement Sales Less operating expenses Net operating income Less interest and taxes: Interest expense Tax expense Net income $ 104,900 177,612 236,000 452,000 269,000 377,000 149,000 254,000 479,000 267,000 377,000 $ 1,809,000 $ 203,000 834,000 772,000 $ 1,809,000 $ 1,825,888 $ 185,000 834,000 806,888 $ 1,825,888 $ 2,280,000 1,812,600 467,400 282,512 $ 184,888 Sales Less operating expenses Net operating income Less interest and taxer Interest expense Tax expense Net income $ 104,900 177,612 $ 2,280,000 1,812,600 467.400 202,512 $104,088 The company paid dividends of $150,000 last year. The "Investment in Cedar Company" on the statement of financial position represents an investment in the stock of another company. Required: a. Compute the company's margin, turnover, and return on investment for last year. 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? Complete this question by entering your answers in the tabs below. Required A Required B Camnute the camnanule mamin humar and rat invartmant for last 10 Dorrantana and Tur < Prev 16 of 24 Next > MacBook Pro