TB Problem Qu. 11-168 Financial data for Beaker... Financial data for Beaker Company for last year appear below Ending Balance Assets Cash Mccounts receivable Inventory Plant and equipment (bet) Investment in Cedar Company Land (undeveloped) Total assets Beaker Company Statements of Financial Position Beginning Balance $ 303,000 169,000 242,000 481,000 256,000 280,000 $1,731,000 $ 337,392 217,000 238,000 407.000 308,000 280.000 51.747,392 Liabilities and overs' equity: Mocounts payable Long-term debt Owners' equity Total liabilities and owners' equity $ 171,000 810.000 750,000 51,731,000 $ 188,000 810.000 789392 $1,787,392 Deaker Company Income Statement Sales Lees operating expenses Niet operating income Les interest and taxes Interest expense $103,600 Tax expense 52,220,000 1,687,200 532,800 295,40B 237.392 The company paid dividends of $198.000 last year. The "Investment in Cedar Company on the statement of financial position represents an investment in the stock of another company Required: a. Compute the company's margin, turnover, and return on investment for last year. b. The Board of Directors of Beaker Company has set a minimum required return of 40% What was the company's residual income fast year? Complete this question by entering your answers in the tabs below.