Header Financial data for Beaker Company for last year appear below: Ragapo Inc Statements of Financial Position Beginning Balance Ending Balance Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (underdeveloped) Total assets $50,000 20.000 30,000 120,000 80 000 170.000 $470.000 $70,000 25,000 35.000 110,000 100,000 170 000 $510.000 + Liabilities and owners' equity: Accounts payable Long-term deby Owners' equity Total liabilities and owners' equity $70,000 250,000 150.000 $470.000 $90,000 250,000 170.000 $510.000 Beaker Company Beaker Company Income Statement Sa.es Less operating expenses Net operating income Less interest and taxes: Interest expense Tax expense Operating Income $414,000 351.900 62,100 $30,000 10,000 40.000 $22 100 Page Break The company paid dividends of $2,100 last year. The "Investment in Cedar Company" on the statement of financial position represents an investment in the stock of another company. Required: I a) Compute the company's margin, turnover, and return on investment for last year. b) The Board of Directors of Ragapo Inc's have set a minimum required return of 20%. What was the company's residual income last year? - Page Break D HL