Question 1 Beaker Company Statements of Financial PositionBeginning Balance Ending Balance Assets: Cash $ 256,000 $ 231,240Accounts receivable 144,000 192,000 Inventory 310,000 240,000 Plantand equipment (net) 492,000 445,000 Investment in Cedar Company301,000 286,000 Land (undeveloped) 280,000 280,000 Total assets $1,783,000 $ 1,674,240 Liabilities and owners' equity: Accountspayable $ 214,000 $ 238,000 Long-term debt 810,000 810,000 Owners'equity 759,000 626,240 Total liabilities and owners' equity $1,783,000 $ 1,674,240 Beaker Company Income Statement Sales $2,060,000 Less operating expenses 1,854,000 Net operating income206,000 Less interest and taxes: Interest expense $ 96,900 Taxexpense 63,860 160,760 Net income $ 45,240 The company paiddividends of $178,000 last year. The "Investment in Cedar Company"on the statement of financial position represents an investment inthe stock of another company. Additionally; The Board of Directorsof Beaker Company has set a minimum required return of 15%. Pleasecalculate the following: Average Operating Assets (rounded to thenearest whole dollar, with commas) $ Operating Income (rounded tothe nearest whole dollar, with commas) $ Sales (rounded to thenearest whole dollar with commas) $ Margin (rounded to the 2decimal places) % Turnover (rounded to 2 decimal places) Return OnInvestment (rounded to 2 decimal places) % Residual Income (roundedto the nearest whole dollar, with commas) $
