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 |
$ |
263,000 |
$ |
31,164 |
|||
Accounts receivable |
126,000 |
215,000 |
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Inventory |
255,000 |
266,000 |
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Plant and equipment (net) |
466,000 |
473,000 |
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Investment in Cedar Company |
221,000 |
293,000 |
|||||
Land (undeveloped) |
497,000 |
497,000 |
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Total assets |
$ |
1,828,000 |
$ |
1,775,164 |
|||
Liabilities and owners' equity: |
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Accounts payable |
$ |
164,000 |
$ |
228,000 |
|||
Long-term debt |
884,000 |
884,000 |
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Owners' equity |
780,000 |
663,164 |
|||||
Total liabilities and owners' equity |
$ |
1,828,000 |
$ |
1,775,164 |
|||
Beaker Company |
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Income Statement |
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Sales |
$ |
2,040,000 |
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Less operating expenses |
1,795,200 |
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Net operating income |
244,800 |
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Less interest and taxes: |
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Interest expense |
$ |
100,300 |
|||||
Tax expense |
78,336 |
178,636 |
|||||
Net income |
$ |
66,164 |
|||||
The company paid dividends of $183,000 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 20%.
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) |
$ |
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position...
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash $ 263,000 $ Accounts receivable 126,000 31,164 215,000 266,000 473,000 255,000 466,000 Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) 221,000 293,000 497,000 497,000 Total assets $1,828,000 $1,775,164 Liabilities and owners' equity: Accounts payable Long-term debt $ 164,000 884,000 780,000 $ 228,000 884,000 663,164 Owners' equity Total liabilities and owners' equity $1,828,000 $1,775,164 Beaker Company...
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash $ 263,000 $ 31,164 Accounts receivable 126,000 215,000 Inventory 255,000 266,000 Plant and equipment (net) 466,000 473,000 Investment in Cedar Company 221,000 293,000 Land (undeveloped) 497,000 497,000 Total assets $ 1,828,000 $ 1,775,164 Liabilities and owners' equity: Accounts payable $ 164,000 $ 228,000 Long-term debt 884,000 884,000 Owners' equity 780,000 663,164 Total liabilities and owners' equity $ 1,828,000...
Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash 263,000 $ 31,164 Accounts receivable 126,000 255,000 215,000 266,000 Inventory Plant and equipment (net) 466,000 473,000 Investment in Cedar Company 221,000 293,000 497,000 Land (undeveloped) 497,000 Total assets $ 1,828,000 $ 1,775,164 Liabilities and owners' equity: Accounts payable $ 164,000 $ 228,000 Long-term debt 884,000 884,000 780,000 663,164 Owners' equity Total liabilities and owners' equity $ 1,828,000 $ 1.775,164 Beaker Company Income Statement Sales $ 2,040,000 Less operating...
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...
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...
Financial data for Beaker Company for last year appear below: Beaker Company 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 $70,000 Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity $90,000 250,000 250,000 150,000 $470,000 170,000 $510,000 Beaker Company Income Statement Sales $414,000...
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Inding Balance Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets $ 335,000 210,000 296,000 500,000 229.000 182.000 $1,760.000 $ 471,760 176,000 264.000 460,000 295,000 182.000 $1.848,760 Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity $ 190,000 833,000 737.000 $1,760.000 $ 235,000 133,000 780,760 $1.848.760 Beaker Company...
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 S470,000 $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 Income Statement Sa.es Less...
Financial data for Beaker Company for last year appear below: Ragano 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 Income Statement Sa;es Less...
2.
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets $ 252,000 165,000 298,000 470,000 287,000 410,000 $1,882,000 $ 197,853 189,000 236,000 445,000 311,000 410,000 $1,788,853 Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity $ 227,000 860,000 795,000 $1,882,000 $ 149,000 860,000 779,853 $1,788,853 Beaker...