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Maps M Gmail 68 minutes remaining Question 5 7 OF 9 QUESTIONS REMAINING 2 Points For 2022, You're Doing Great Corporation reported $22million in sales and $19million in operating costs (including depreciation). The company has $15million of total invested capital. Its after-tax cost of capital is 13%, and its tax rate is 27%. What was the firm's economic value added (EVA) during 2022? Blank 1 Blank 1 Add your answer Question 6 2 Points Smart Students Inc paid out $33.4million in total common dividends and reported $198.9million of retained earnings at year-end. The prior year's retained earnings were $122.5million. What was the net income? Assume that all dividends declared were actually paid. Blank 1 Blank 1 Add your answer Maps M Gmail 68 minutes remaining Question 5 7 OF 9 QUESTIONS REMAINING 2 Points For 2022, You're Doing Great Corporation reported $22million in sales and $19million in operating costs (including depreciation). The company has $15million of total invested capital. Its after-tax cost of capital is 13%, and its tax rate is 27%. What was the firm's economic value added (EVA) during 2022? Blank 1 Blank 1 Add your answer Question 6 2 Points Smart Students Inc paid out $33.4million in total common dividends and reported $198.9million of retained earnings at year-end. The prior year's retained earnings were $122.5million. What was the net income? Assume that all dividends declared were actually paid. Blank 1 Blank 1 Add your answer
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Answer rating: 100% (QA)
Question 5 To calculate the Economic Value Added EVA we need to subtract the aftertax cost of capital from the Net Operating Profit After Tax NOPAT Gi... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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