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Please show all the steps! Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Ending Beginning Balance Balance
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Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Ending Beginning Balance Balance Assets Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets $ 50,000 20,000 30,000 120,000 80,000 170,000 $470,000 $ 70,000 25,000 35,000 110,000 100,000 170,000 $510,000 Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity $ 70,000 250,000 150,000 $ 90,000 250,000 170,000 $470,000 $510,000 Beaker Company Income Statement $414,000 351,900 62,100 Sales Less operating expenses Net operating income Less interest and taxes: Interest expense Tax expense Operating Income $30,000 10.000 40,000 $22.100 The "Investment in Cedar Company" on the statement of financial position represents an investment in the stock of another company that is not part of Beaker's operations. Land (undeveloped)" has remained vacant to date. Required: a) Compute the company's margin, turnover, and return on investment for last year. b) The Board of Directors of Beaker Company have set a minimum required return of 20%. What was the company's residual income last yearStep by Step Solution
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