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 |
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| Statements of Financial Position |
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| Beginning Balance | Ending Balance |
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| Assets: |
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| Cash | $ | 346,000 |
| $ | 324,792 |
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| Accounts receivable |
| 202,000 |
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| 159,000 |
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| Inventory |
| 298,000 |
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| 299,000 |
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| Plant and equipment (net) |
| 463,000 |
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| 455,000 |
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| Investment in Cedar Company |
| 318,000 |
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| 293,000 |
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| Land (undeveloped) |
| 237,000 |
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| 237,000 |
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| Total assets | $ | 1,864,000 |
| $ | 1,767,792 |
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| Liabilities and owners' equity: |
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| Accounts payable | $ | 249,000 |
| $ | 228,000 |
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| Long-term debt |
| 855,000 |
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| 855,000 |
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| Owners' equity |
| 760,000 |
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| 684,792 |
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| Total liabilities and owners' equity | $ | 1,864,000 |
| $ | 1,767,792 |
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| Beaker Company |
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| Income Statement |
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| Sales |
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| $ | 1,790,000 |
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| Less operating expenses |
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| 1,440,950 |
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| Net operating income |
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| 349,050 |
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| Less interest and taxes: |
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| Interest expense | $ | 98,600 |
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| Tax expense |
| 125,658 |
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| 224,258 |
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| Net income |
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| $ | 124,792 |
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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:
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| 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) |
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| Return On Investment (rounded to 2 decimal places) | % |
| Residual Income (rounded to the nearest whole dollar, with commas) | $ |
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