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Please complete all parts Financial data for Bridger Inc. for last year are as follows: BRIDGER INC. Balance Sheet Ending Balance Beginning Balance $ $
Please complete all parts
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) 151,000 450,000 460,000 639,000 460,000 280,000 146,000 310,000 510,000 654,000 430,000 280,000 Total assets $ 2,440,000 $ 2,330,000 Liabilities and shareholders' Equity Accounts payable Long-term debt Shareholders' equity $ 200,000 1,000,000 1,240,000 $ 230,000 1,000,000 1,100,000 Total liabilities and shareholders' equity $ 2,440,000 $2,330,000 BRIDGER INC. Income Statement Sales Operating expenses $ 4,150,000 3,569,000 581,000 Operating income Interest and taxes ! Interest expense Tax expense $ 121,000 201,000 322,000 Net income $ 259,000 The company paid dividends of $120,000 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 1 decimal place.) Margin % Turnover ROI % 2. The board of directors of Bridger Inc. has set a minimum required return of 18%. What was the company's residual income last year? Residual incomeStep by Step Solution
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