ABC Company has the following data for the year ending 12/31/2020 (dollars are in thousands): Net income
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Question:
ABC Company has the following data for the year ending 12/31/2020 (dollars are in thousands):
Net income = $600;
EBIT = $1,192;
Total assets = $3,000;
Short-term investments = $200;
Total capital employed = $2,415;
tax rate = 30%.
The company’s WACC is 11.45%.
What was its Economic Value Added (EVA) for the year 2020? Round your answer to the nearest dollar.
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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