Question
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
Question 1 options:
Financial data for Beaker Company for last year appear below:
Beaker Company |
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Statements of Financial Position |
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| Beginning Balance | Ending Balance |
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Assets: |
|
|
|
|
|
| |
Cash | $ | 263,000 |
| $ | 31,164 |
| |
Accounts receivable |
| 126,000 |
|
| 215,000 |
| |
Inventory |
| 255,000 |
|
| 266,000 |
| |
Plant and equipment (net) |
| 466,000 |
|
| 473,000 |
| |
Investment in Cedar Company |
| 221,000 |
|
| 293,000 |
| |
Land (undeveloped) |
| 497,000 |
|
| 497,000 |
| |
Total assets | $ | 1,828,000 |
| $ | 1,775,164 |
| |
|
|
|
|
|
|
| |
Liabilities and owners' equity: |
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|
|
|
|
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Accounts payable | $ | 164,000 |
| $ | 228,000 |
| |
Long-term debt |
| 884,000 |
|
| 884,000 |
| |
Owners' equity |
| 780,000 |
|
| 663,164 |
| |
Total liabilities and owners' equity | $ | 1,828,000 |
| $ | 1,775,164 |
| |
Beaker Company |
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Income Statement |
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Sales |
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| $ | 2,040,000 |
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Less operating expenses |
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|
|
| 1,795,200 |
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Net operating income |
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|
|
| 244,800 |
| |
Less interest and taxes: |
|
|
|
|
|
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Interest expense | $ | 100,300 |
|
|
|
| |
Tax expense |
| 78,336 |
|
| 178,636 |
| |
Net income |
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|
| $ | 66,164 |
| |
The company paid dividends of $183,000 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 20%.
Required:
Please calculate the following:
|
|
Average Operating Assets (rounded to the nearest whole dollar, with commas) | $ |
$
Operating Income (rounded to the nearest whole dollar, with commas)
$
Sales (rounded to the nearest whole dollar with commas)
$
Margin (rounded to the 2 decimal places)
%
Turnover (rounded to 2 decimal places)
%
Return On Investment (rounded to 2 decimal places)
%
Residual Income (rounded to the nearest whole dollar, with commas)
$
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