Question 1 options:

Financial data for Beaker Company for last year appear below:

Beaker Company
Statements of Financial Position
	Beginning Balance			Ending Balance
Assets:
Cash	$	290,000		$	451,280
Accounts receivable		209,000			193,000
Inventory		282,000			232,000
Plant and equipment (net)		430,000			393,000
Investment in Cedar Company		304,000			255,000
Land (undeveloped)		241,000			241,000
Total assets	$	1,756,000		$	1,765,280
Liabilities and owners' equity:
Accounts payable	$	208,000		$	175,000
Long-term debt		824,000			824,000
Owners' equity		724,000			766,280
Total liabilities and owners' equity	$	1,756,000		$	1,765,280

Beaker Company
Income Statement
Sales				$	1,960,000
Less operating expenses					1,519,000
Net operating income					441,000
Less interest and taxes:
Interest expense	$	103,600
Tax expense		141,120			244,720
Net income				$	196,280

The company paid dividends of $154,000 last year. The "Investment in Cedar Company" on the statement of financial position represents an investment in the stock of another company.

Additionally; The Board of Directors of Beaker Company has set a minimum required return of 30%.

Required:

1. Average Operating Assets (rounded to the nearest whole dollar, with commas)

2. Operating Income (rounded to the nearest whole dollar, with commas)

3. Sales (rounded to the nearest whole dollar with commas)

4. Margin (rounded to the 2 decimal places)

5. Turnover (rounded to 2 decimal places)

6. Return On Investment (rounded to 2 decimal places)

7. Residual Income (rounded to the nearest whole dollar, with commas)