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See below Financial data for R Ltd. for last year appear below: 451,280 29, 193, 209, 232, 282 , 393, 430,ee 255, 34,e 241 241
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Financial data for R Ltd. for last year appear below: 451,280 29, 193, 209, 232, 282 , 393, 430,ee 255, 34,e 241 241 175, 28,eo 824, 824, 766,280 724, 441,o $103,600 244 720 141,120 Statements of Financial Position Beginning Balance Ending Balance m Assets: Cash Accounts receivable Inventory Plant and equipment Investment in Cedar Land (undeveloped) Total assets (net) Company Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity IncomeStatement.L4J.dLLLw, Sa Ies Less operating expenses Net operating income Less interest and taxes: Interest expense Tax expense Net income s 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. Required: a. Compute the company's margin, turnover, and return on investment for last year. b. The Board of Directors has set a minimum required return of 30%. What was the company's residual income last year? Complete this question by entering your answers in the tabs below. Required A Required B
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