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Problem 11-21 Return on Investment and Residual Income (LO3, L04] Financial data for Bridger Inc. for last year are as follows: 20 points BRIDGER INC. Balance Sheet Ending Balance Beginning Balance $ $ eBook Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Brier Company Land (undeveloped) 164,000 480,000 490,000 896,000 590,000 410,000 159,000 340,000 540,000 931,000 560,000 410,000 a References Total assets $3,030,000 $2,940,000 Liabilities and Shareholders' Equity Accounts payable Long-term debt Shareholders' equity $ 350,000 1,200,000 1,480,000 $ 390,000 1,200,000 1,350,000 Total liabilities and shareholders' equity $3,030,000 $2,940,000 BRIDGER INC. Income Statement Sales Operating expenses $4,400,000 3,740,000 660,000 Operating income Interest and taxes: Interest expense Tax expense $134,000 214,000 348,000 Net income $ 312,000 Income Statement Sales Operating expenses $4,400,000 3,740,000 660,000 Operating income Interest and taxes: Interest expense Tax expense $134,000 214,000 348,000 20 Net income $ 312,000 points The company paid dividends of $193,000 last year. The "Investment in Brier Company" on the balance sheet represents an investment in the common shares of another company. eBook Required: 1. Compute the company's margin, turnover, and ROI for last year. (Round your intermediate calculations and final answers to 1 decimal place.) References Margin Turnover ROI 2. The board of directors of Bridger Inc. has set a minimum required return of 20%. What was the company's residual income last year? Residual income

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