Begin with the partial model in the file Ch06 P15 Build a Model.xlsx on the textbooks Web

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Begin with the partial model in the file Ch06 P15 Build a Model.xlsx on the textbook’s Web site.

a. Using the financial statements shown here for Lan & Chen Technologies, calculate net operating working capital, total net operating capital, net operating profit after taxes, free cash flow, and return on invested capital for 2018. (Hint: Start with the partial model in the file and report all dollar figures in thousands to reduce clutter.)

b. Assume there were 15 million shares outstanding at the end of 2018, the year-end closing stock price was $65 per share, and the after-tax cost of capital was 8%. Calculate EVA and MVA for 2018.image text in transcribedimage text in transcribed

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Intermediate Financial Management

ISBN: 9781337395083

13th Edition

Authors: Eugene F. Brigham, Phillip R. Daves

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