Financial data for Bridger Inc. for last year are as follows: BRIDGER INC. Balance Sheet Ending Balance Beginning Balance Assets Cash $ 153,000 $ 148,000 Accounts receivable 530,000 390,000 Inventory 540,000 580,000 Plant and equipment, net 817,000 842,000 Investment in Brier Company 480,000 450,000 Land (undeveloped) 300,000 300,000 Total assets $2,820,000 $2,710,000 Liabilities and shareholders' equity Accounts payable $ 370,000 $ 410,000 Long-term debt 1,100,000 1,100,000 Shareholders' equity 1,350,000 1,200,000 Total liabilities and shareholders' equity $ 2,820,000 $ 2,710,000 BRIDGER INC. Income Statement Sales $ 4,000,000 Operating expenses 3,440,000 Operating income 560,000 Interest and taxes: Interest expense $ 123,000 Tax expense 203,000 326,000 Net income $ 234,000 The company paid dividends of $120,000 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.) 2. The board of directors of Bridger Inc. has set a minimum required return of 19%. What was the company's residual income last year?

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Condensed financial data are presented below for the Phoenix Corporation:    20X2   20X1 Accounts receivable $ 267,500     $ 230,000   Inventory   312,500       257,500   Total current assets   670,000       565,000   Intangible assets   50,000       60,000   Total assets   825,000       695,000   Current liabilities   252,500       200,000   Long-term liabilities   77,500       75,000   Sales   1,640,000           Cost of goods sold   982,500           Interest expense   10,000           Income tax expense   77,500           Net income   127,500           Cash flow from operations   71,000           Cash flow from investing activities   (6,000 )         Cash flow from financing activities   (62,500 )         Tax rate   30 %           If there is no preferred stock, the return on common equity for 20X2 is (rounded):   Multiple Choice   25.8%   27.9%   41.4%   43.4%

SONAD COMPANY Income Statement For Year Ended December 31 Sales $ 2,123,000 Cost of goods sold 1,040,270 Gross profit 1,082,730 Operating expenses Salaries expense $ 290,851 Depreciation expense 50,952 Rent expense 57,321 Amortization expenses—Patents 6,369 Utilities expense 23,353 428,846 653,884 Gain on sale of equipment 8,492 Net income $ 662,376 Accounts receivable $ 27,750 increase Accounts payable $ 15,725 decrease Inventory 24,000 increase Salaries payable 5,050 decrease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.)

The following condensed income statements of the Jackson Holding Company are presented for the two years ended December 31, 2021 and 2020:      2021     2020   Sales revenue $ 15,000,000   $ 9,600,000   Cost of goods sold   9,200,000     6,000,000   Gross profit   5,800,000     3,600,000   Operating expenses   3,200,000     2,600,000   Operating income   2,600,000     1,000,000   Gain on sale of division   600,000     —       3,200,000     1,000,000   Income tax expense   800,000     250,000   Net income $ 2,400,000   $ 750,000      On October 15, 2021, Jackson entered into a tentative agreement to sell the assets of one of its divisions. The division qualifies as a component of an entity as defined by GAAP. The division was sold on December 31, 2021, for $5,000,000. Book value of the division’s assets was $4,400,000. The division’s contribution to Jackson’s operating income before-tax for each year was as follows:   2021 $400,000 2020 $300,000  Assume…

The year-end financial statements for North Railway report the following information: 0.46 0.41 1.74 (In millions) 0.25 Revenues Year ended December 31, Property and equipment, net Total assets Year 2 Year 1 The annual property, plant, and equipment turnover (PPET) is: $15,095 $21,967 61,250 59,510 84,122 81,703

Selected data from the Carmen Company at year-end are as follows: Total assets Average total assets Net income Sales Average common stockholders' equity Net cash provided by operating activities Shares of common stock outstanding Long-term investments $2,000,000 $2,200,000 $250,000 $1,300,000 $1,000,000 $275,000 10,000 $400,000 Required: Compute the (a) asset turnover, (b) return on total assets, (c) return on common stockholders' equity, and (d) earnings per share on common stock. Assume the company had no preferred stock or interest expense. Round dol values to the nearest cent and other final answers to one decimal place. a. Asset turnover ratio b. Return on total assets c. Return on common stockholders' equity d. Earnings per share on common stock 1000 % % per share K

Assume a company had net income of $79,000 that included a gain on the sale of equipment of $4,000. It provided the following excerpts from its balance sheet:    This Year Last Year Current assets:     Accounts receivable $ 40,000 $ 46,000 Inventory $ 53,000 $ 50,000 Prepaid expenses $ 13,000 $ 11,000 Current liabilities:     Accounts payable $ 38,000 $ 44,000 Accrued liabilities $ 18,000 $ 15,000 Income taxes payable $ 13,000 $ 10,000 If the credits to the company’s accumulated depreciation account were $21,000, then based solely on the information provided, the company’s net cash provided by (used in) operating activities would be:   Multiple Choice   $63,000.   $55,000.   $105,000.   $97,000.

Inc. reported the following data for last year: Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 126,000 $ 131,000 Accounts receivable 332,000 488,000 Inventory 576,000 476,000 Plant and equipment, net 896,000 875,000 Investment in Tesla Inc. 396,000 427,000 Land (undeveloped) 253,000 246,000 Total assets $ 2,579,000 $ 2,643,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt $ 380,000 1,013,000 1,186,000 $ 340,000 1,013,000 1,290,000 Stockholders' equity Total liabilities and stockholders' equity $ 2,579,000 $ 2,643,000 Inc. Income Statement Sales $ 5,265,000 4,317,300 947,700 Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 123,000 210,000 333,000 $ 614,700 Inc. paid dividends of $510,700 last year. The "Investment in Tesla Inc." item on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return is 15%. What was the company's…

Fitz Company reports the following information. Selected Annual Income Statement Data   Selected Year-End Balance Sheet Data   Net income $ 391,000 Accounts receivable decrease $ 27,200 Depreciation expense 44,200 Inventory decrease 46,000 Amortization expense 8,000 Prepaid expenses increase 6,400 Gain on sale of plant assets 7,100 Accounts payable decrease 8,200     Salaries payable increase 1,900 Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. Note: Amounts to be deducted should be indicated with a minus sign.