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Financial data for Bridger, Inc., for last year are as follows: Bridger, Inc.
Financial data for Bridger, Inc., for last year are as follows:Bridger, Inc.Balance Sheet BeginningBalance EndingBalanceAssets Cash$133,000 $139,000 Accounts receivable 345,000 471,000 Inventory 577,000 471,000 Plant and equipment, net 855,000 869,000 Investment in Brier Company 402,000 427,000 Land (undeveloped) 246,000 253,000 Total assets$2,558,000 $2,630,000 Liabilities and Stockholders' Equity Accounts payable$375,000 $341,000 Long-term debt 982,000 982,000 Stockholders' equity 1,201,000 1,307,000 Total liabilities and stockholders' equity$2,558,000 $2,630,000 Bridger, Inc.Income StatementSales $5,404,000 Operating expenses 4,593,400 Net operating income 810,600 Interest and taxes: Interest expense$ 117,000 Tax expense197,000 314,000 Net income $496,600 The company paid dividends of $390,600 last year. The “Investment in Brier Company” on the balance sheet represents an investment in the stock of another company.Required:1.Compute the company’s margin, turnover, and return on investment (ROI) for last year. (Round your intermediate calculations and final answers to 1 decimal place.) Margin % ROI % 2.The board of directors of Bridger, Inc., has set a minimum required return of 18%. What was the company’s residual income last year?
