- Financial Data For Beaker Company For Last Year Appear Below Beaker Company Statements Of Financial Position Ending Bal 1 (52.45 KiB) Viewed 10 times
Financial data for Beaker
Company for last year appear below: Beaker
Company Statements of Financial Position Ending Balance Assets: Cash $ 324,792 159,000 Accounts receivable Inventory 299,000 Plant and equipment (net) 455,000 Investment in Cedar
Company 293,000 Land (undeveloped) 237,000 Total assets $ 1,767,792 Liabilities and owners' equity: Accounts payable Long-term debt $ 228,000 855,000 684,792 Owners' equity Total liabilities and owners' equity $ 1,767,792 Beaker
Company Income
Statement Sales Less operating expenses $ 1,790,000 1,440,950 349,050 Net operating income Less interest and taxes: Interest expense $ 98,600 125,658 Tax expense 224,258 Net income $ 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? Complete this
question by entering your answers in the tabs below. Required A Required B Compute the
company's margin, turnover, and return on investment for last year. (Round your "Percentage" answers to 2 decimal places.) Margin % Turnover Return on investment % Beginning Balance $ 346,000 202,000 298,000 463,000 318,000 237,000 $ 1,864,000 $ 249,000 855,000 760,000 $ 1,864,000
Required A Required 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? (Round your intermediate calculations and final answer to 2 decimal places.) Residual income