Question
Home Depot entered fiscal 2017 with a total capitalization of $21,931 million. In 2017, debt investors received interest income of $886 million. Net income to
Home Depot entered fiscal 2017 with a total capitalization of $21,931 million. In 2017, debt investors received interest income of $886 million. Net income to shareholders was $8,681 million. (Assume a tax rate of 21%.)
Calculate the economic value added assuming its cost of capital is 10%.(Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
8th Edition
1285190904, 978-1305176348, 1305176340, 978-1285190907
