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please help thank you so much Ending Balance Financial data for Beaker Company for last year appear below. Beaker Company Statements of Financial Position Beginning
please help thank you so much
Ending Balance Financial data for Beaker Company for last year appear below. Beaker Company Statements of Financial Position Beginning Balance Assets: Cash $ 288,000 Accounts receivable 126,000 Inventory 264,000 Plant and equipment (net) 442,000 Investment in Cedar Company 243,000 Land (undeveloped) 450,000 Total assets $1,821,000 $ 189,663 191,000 286,000 450,000 262,000 458.000 $1,836,663 Liabilities and owners' equity. Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity $ 252,000 841,000 728.000 $1,821,000 $ 223,000 841,000 272.663 $1,036,663 Beaker Company Income Statement Salen Loon operating expenses Net operating income Los interest and taxes Interest expense $105,400 Tax expense 144,837 Net Income $2,310,000 1,871, 100 438,900 250,237 $ 188,663 The company paid dividends of $144,000 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. Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity $ 252,000 841,000 728,000 $1,821,000 $ 223,000 841,000 772,663 $1,836,663 Beaker Company Income Statement Sales Less operating expenses Net operating income Lese interest and taxes Interest expense $105,400 Tax expense 144,837 Net income $2,310,000 1,871,100 438,900 250,237 $ 188,663 The company paid dividends of $144,000 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 Unswers 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 % Google Assetat Canh Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets $ 280,000 126.000 264.000 442,000 243,000 450,000 $1,821,000 $ 109,563 191.000 286,000 450,000 262.000 450.000 $1,836,663 Liabilities and owners' equity: Necounts payable Long-term debt Owners' equity Total liabilities and owners' equity $ 252,000 841.000 728.000 $1,821,000 $ 223,000 841,000 772,662 Beaker Company Indome statement Sales Lesa operating expenses Net operating income Lene interest and taxes Interest expense $105,400 Tax expense 144.837 Net Income $2,310,000 1.071, 100 438,900 250,237 188,663 The company pold dividends of $144,000 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 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) e income 1 of 4 HII Next > Step by Step Solution
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