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Financial data for Baxter Company for last year appear below. Baxter Company Balance Sheet Beginning Balance Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Compton Company Land (undeveloped) Total assets $ 263,000 125,000 255.000 466,000 221.000 497.000 $1,828.00 Ending Balance $ 31,164 215,000 266.000 473,000 293.000 497,000 $1,775. 164 Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity $ 164,000 884,00 780,000 $1,828,000 $ 228.000 884,000 663, 164 $1,775,164 Baxter Company Income Statement Sales Less operating expenses Net operating income Less Interest and taxes: Interest expense $100,300 Tax expense 78,336 Net income $2,040,000 1,795, 200 244,800 178,636 66, 164 $ The company paid dividends of $183,000 last year. The "Investment in Compton Company' on the balance sheet 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 Baxter Company has set a minimum required return of 20%. What was the company's residual income last year? Required: a. Compute the company's margin, turnover, and return on investment for last year. b. The Board of Directors of Baxter Company has set a minimum required return of 20%. What was the company's residual income last year? 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 Required B > Required: a. Compute the company's margin, turnover, and return on investment for last year. b. The Board of Directors of Baxter Company has set a minimum required return of 20%. What was the company's residual income las 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 20%. What was the company's residual income last year? (Round your intermediate calculations and final answers to 2 decimal places.) Residual income Required A Required If Baxter decides to purchase new equipment, which ratio (margin or turnover) will change, and what will happen to ROI (return on investment)? Essay Toolbar navigation BI VSE 3 11 EAA