The following income statements and other information are availa
The following income statements and other information are available for the Schneider Company.


Required
Calculate EVA for 2011. Assume that for purposes of calculating EVA, the company capitalizes research and development expenditures and amortizes them over three years, including the year they are incurred. For external reporting purposes, research and development is expensed in the year incurred, as indicated in the income statementsabove.
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