TB Problem Qu. 11-255 (Algo) Financial data for Beaker... Financial data for Beaker Company for last year appear below. Beaker Company Statenents of Financial Position Beginning Balance Assets: Cash $ 346,000 Accounts receivable 202,000 Inventory 298,000 Plant and equipment (net) 463,000 Investment in Cedar Company 318,000 Land (undeveloped 237,800 Total assets $1,864,000 Liabilities and owners' equity: Accounts payable $ 249,000 Long-term debt 855,000 Owners' equity 760,000 Total liabilities and owners' equity $1,864,000 Ending Balance $ 324,792 159,000 299,000 455,000 293,000 237,000 $1,767,792 $ 228,000 855,000 684,792 $1,767,792 Beaker Company Income Statement Sales Less operating expenses Net operating income Less interest and taxes: Interest expense $ 98,600 Tax expense 125,658 Net income $1,790,000 1,440,950 349,050 224,258 $ 124,792 The company paid dividends of $200,000 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 of Beaker Company has set a minimum required return of 25% What was the company's residual income last year