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The company paid dividends of $144,000 last year. The Investment in Cedar Company on the statement of financial position represents an investment in the stock
The company paid dividends of $144,000 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 35%. What was the company's residual incom last year? Complete this question by entering your answers in the tabs below. The Board of Directors of Beaker Company has set a minimum required return of 35%. What was the company's residual income last year? Note: Round your intermediate calculations and final answer to 2 decimal places
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