Problem 11-21 Return on Investment and Residual Income (LO3, LO4] Financial data for Bridger Inc. for last year are as follows: 20 points BRIDGER INC. Balance Sheet Ending Balance Beginning Balance $ $ eBook References Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Brier Company Land (undeveloped) 169,000 580,000 600,000 851,000 640,000 460,000 164,000 440,000 680,000 896,000 610,000 460,000 Total assets $3,300,000 $3,250,000 Liabilities and Shareholders' Equity Accounts payable Long-term debt Shareholders' equity $ 420,000 1,300,000 1,580,000 $ 460,000 1,300,000 1,490,000 Total liabilities and shareholders' equity $3,300,000 $3,250,000 BRIDGER INC. Income Statement Sales Operating expenses $4,380,000 3,766,800 613,200 Operating income Interest and taxes: Interest expense Tax expense $139,000 219,000 358,000 20 points Net income $ 255,200 eBook References The company paid dividends of $105,200 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 19%. What was the company's residual income last year? Residual income