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Problem 11-22 Return on Investment and Residual Income [LO3, LO4] Financial data for Bridger Inc. for last year are as follows: Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Brier Company Land (undeveloped) Total assets Liabilities and shareholders' equity Accounts payable Long-term debt Shareholders' equity Total liabilities and shareholders' equity Sales Operating expenses Operating income Interest and taxes: Interest expense Tax expense Net income BRIDGER INC. Income Statement Margin Turnover ROI BRIDGER INC. Balance Sheet % $138,000 218,000 % $4,350,000 3, 500 565,500 Required: 1. Compute the company's margin, turnover, decimal places.) 356,000 $ 209,500 $ Ending Balance 168,000 430,000 450,000 702,000 630,000 450,000 $2,830,000 Beginning Balance The company paid dividends of $104,500 last year. The "Investment in Brier Company" on the balance sheet represents an investment in the common shares of another company. $ 163,000 290,000 530,000 747,000 600,000 450,000 $2,780,000 $ 410,000 1,100,000 1,320,000 $ 450,000 1,100,000 1,230,000 $2,830,000 $2,780,000 ROI for last year. (Round your intermediate culation and final answers to 2 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?

Problem 11-22 Return on Investment and Residual Income [LO3, LO4] Financial data for Bridger Inc. for last year are as follows: Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Brier Company Land (undeveloped) Total assets Liabilities and shareholders' equity Accounts payable Long-term debt Shareholders' equity Total liabilities and shareholders' equity Sales Operating expenses Operating income Interest and taxes: Interest expense Tax expense Net income BRIDGER INC. Income Statement Margin Turnover ROI BRIDGER INC. Balance Sheet % $138,000 218,000 % $4,350,000 3, 500 565,500 Required: 1. Compute the company's margin, turnover, decimal places.) 356,000 $ 209,500 $ Ending Balance 168,000 430,000 450,000 702,000 630,000 450,000 $2,830,000 Beginning Balance The company paid dividends of $104,500 last year. The "Investment in Brier Company" on the balance sheet represents an investment in the common shares of another company. $ 163,000 290,000 530,000 747,000 600,000 450,000 $2,780,000 $ 410,000 1,100,000 1,320,000 $ 450,000 1,100,000 1,230,000 $2,830,000 $2,780,000 ROI for last year. (Round your intermediate culation and final answers to 2 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?

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.6.2MBA: Return on assets ExxonMobil Corporation (XOM) explores, produces, and distributes oil and natural...
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Problem 11-22 Return on Investment and Residual Income [LO3, LO4] Financial data for Bridger Inc. for last year are as follows: Assets Cash. Accounts receivable Inventory. Plant and equipment, net Investment in Brier Company Land (undeveloped) Total assets Liabilities and shareholders' equity Accounts payable Long-term debt Shareholders' equity Total liabilities and shareholders' equity Sales Operating expenses Operating income. Interest and taxes: Interest expense Tax expense Net income BRIDGER INC. Income Statement Margin Turnover ROI BRIDGER INC. Balance Sheet Residual income % $138,000 218,000 % $4,350,000 3,784,500 565,500 356,000 $ 209,500 Ending Balance Beginning Balance $ 168,000 $ 163,000 430,000 290,000 450,000 530,000 702,000 630,000 450,000 $2,830,000 The company paid dividends of $104,500 last year. The "Investment in Brier Company" on the balance sheet represents an investment in the common shares of another company. Required: 1. Compute the company's margin, turnover, and ROI for last year. (Round your intermediate calculations and final answers to 2 decimal places.) 747,000 600,000 450,000 $2,780,000 $ 410,000 $ 450,000 1,100,000 1,100,000 1,320,000 1,230,000 $2,830,000 $2,780,000 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? I
Transcribed Image Text:Problem 11-22 Return on Investment and Residual Income [LO3, LO4] Financial data for Bridger Inc. for last year are as follows: Assets Cash. Accounts receivable Inventory. Plant and equipment, net Investment in Brier Company Land (undeveloped) Total assets Liabilities and shareholders' equity Accounts payable Long-term debt Shareholders' equity Total liabilities and shareholders' equity Sales Operating expenses Operating income. Interest and taxes: Interest expense Tax expense Net income BRIDGER INC. Income Statement Margin Turnover ROI BRIDGER INC. Balance Sheet Residual income % $138,000 218,000 % $4,350,000 3,784,500 565,500 356,000 $ 209,500 Ending Balance Beginning Balance $ 168,000 $ 163,000 430,000 290,000 450,000 530,000 702,000 630,000 450,000 $2,830,000 The company paid dividends of $104,500 last year. The "Investment in Brier Company" on the balance sheet represents an investment in the common shares of another company. Required: 1. Compute the company's margin, turnover, and ROI for last year. (Round your intermediate calculations and final answers to 2 decimal places.) 747,000 600,000 450,000 $2,780,000 $ 410,000 $ 450,000 1,100,000 1,100,000 1,320,000 1,230,000 $2,830,000 $2,780,000 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? I
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