Question: Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash $ 290,000 $

Financial data for Beaker Company for last year appear below:

Beaker Company

Statements of Financial Position

Beginning Balance

Ending Balance

Assets:

Cash

$

290,000

$

451,280

Accounts receivable

209,000

193,000

Inventory

282,000

232,000

Plant and equipment (net)

430,000

393,000

Investment in Cedar Company

304,000

255,000

Land (undeveloped)

241,000

241,000

Total assets

$

1,756,000

$

1,765,280

Liabilities and owners' equity:

Accounts payable

$

208,000

$

175,000

Long-term debt

824,000

824,000

Owners' equity

724,000

766,280

Total liabilities and owners' equity

$

1,756,000

$

1,765,280

Beaker Company

Income Statement

Sales

$

1,960,000

Less operating expenses

1,519,000

Net operating income

441,000

Less interest and taxes:

Interest expense

$

103,600

Tax expense

141,120

244,720

Net income

$

196,280

The company paid dividends of $154,000 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 30%.

Required:

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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