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Homework: 2.5 no Ints eBook Print Measuring Corporate Performance Assi... 0 Saved Help Save BALANCE SHEET (Figures in $ millions) End of Start Year of Year Assets Current assets $ 373 5 320 Longterm assets 266 226 Total assets 5 639 5 546 Liabilities and shareholders' equity Current liabilities 5 198 5 161 Longterm debt 112 125 Shareholders' equity 329 260 Total liabilities and shareholders' equity 5 639 5 546 The company's cost of capital is 8.5%. a. Calculate Watervan's economic value added {EVA}. {Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) b. What is the company's return on capital? [Use startofyear rather than average capital.) {Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.} c. What is its return on equity? [Use Sta rtofyear rather than average equity.) [Enter your answer as a percent rounded to 2 decimal place s.} cl. Is the company creating value for its shareholders? 2 Enter your answer as a percent rounded to 2 decimal places.) c. What is its return on equity? (Use start-of-year rather than average equity.) (Enter your answer as a percent rounded to 2 decimal places.) d. Is the company creating value for its shareholders? 2.5 points a. Economic value added million eBook b. Return on capital C. Print Return on equity d. Is the company creating value for its shareholders? YesHomework: Measuring Corporate Performance Assi... Saved 2 Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT 2.5 (Figures in $ millions) points Net sales $885.00 Cost of goods sold 745.00 Depreciation 35.00 Earnings before interest and taxes (EBIT) $105.00 eBook Interest expense 16.00 Income before tax $ 89.00 Print Taxes 18.69 Net income $ 70.31 BALANCE SHEET (Figures in $ millions) End of Start Year of Year Assets Current assets $ 373 $ 320 Long-term assets 266 226 Total assets $ 639 $ 546 Liabilities and shareholders' equity Current liabilities $ 198 $ 161 Long-term debt 112 125 Shareholders' equity 329 260 Mc