The Ronayne Corporation has on its balance sheet $5 million in net operating working capi- EVA tal
Question:
The Ronayne Corporation has on its balance sheet $5 million in net operating working capi-
EVA tal and S3 7 million in net fixed assets. The company's weighted average cost of capital is 8.5 percent. The company has the following income statement:
Sales Operating costs EBIT Interest EBT Taxes (40%)
Net income 525,000,000 18,625,000
$ 6,375,000 2,325,000 S 4,050,000 1,620,000 S 2.430,000 What is Ronayne s EVA?
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Related Book For
Fundamentals Of Financial Management Concise
ISBN: 9780324258721
4th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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