Question: Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash $ 346,000 $

Financial data for Beaker Company for last year appear below:

Beaker Company

Statements of Financial Position

Beginning Balance

Ending Balance

Assets:

Cash

$

346,000

$

324,792

Accounts receivable

202,000

159,000

Inventory

298,000

299,000

Plant and equipment (net)

463,000

455,000

Investment in Cedar Company

318,000

293,000

Land (undeveloped)

237,000

237,000

Total assets

$

1,864,000

$

1,767,792

Liabilities and owners' equity:

Accounts payable

$

249,000

$

228,000

Long-term debt

855,000

855,000

Owners' equity

760,000

684,792

Total liabilities and owners' equity

$

1,864,000

$

1,767,792

Beaker Company

Income Statement

Sales

$

1,790,000

Less operating expenses

1,440,950

Net operating income

349,050

Less interest and taxes:

Interest expense

$

98,600

Tax expense

125,658

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.

Additionally; The Board of Directors of Beaker Company has set a minimum required return of 25%.

Required:

Please calculate the following:

Average Operating Assets (rounded to the nearest whole dollar, with commas)

$

Operating Income (rounded to the nearest whole 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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