Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial...
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Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Ending Balance 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: 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 Income Statement Sales $ 2,040,000 Less operating expenses 1,795,200 Net operating income 244,800 Less interest and taxes: Interest expense $ 100,300 Tax expense 78,336 178,636 Net income $ 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 wholes 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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