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most recent financial statements, ABC Inc. reported $35 of net income and $790 of retained

Question 1

ABC's EBIT is $9 million. The depreciation expense is $0.5 million and interest expense is $0.5 million. The corporate tax rate is 30%. The company has 12 million in operating current assets and $6 million operating current liabilities. It has $5 million in net plant and equipment. The after-tax cost of capital (WACC) is 15%. Assume that the only non-cash item is depreciation. The total net operating capital last year was $8 million.

What was the company’s economic value added (EVA)?

Accounting 202 quiz

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price skimming

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On december 31, 2012 the Christine Blankert Fortune Telling Company provided services and

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department store has determined in connection with its inventory control that the demand for

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