12-4 (Part Level Submission)

 Problem 12-4 (Part Level Submission) Consider the following information for Uli Electronics: 12/31/2017 12/31/2018 Total assets $12,058,000 $12,402,000 Noninterest-bearing current liabilities 550,300 532,000 Net income 776,400 882,760 Interest expense 2,268,500 346,980 Tax rate 40% 40% Required rate of return 10% 12% 

(a)

Evaluate the company in terms of residual income (RI), which is equivalent to EVA since there are no adjustments for accounting distortions.(Enter negative answers preceding either - sign, e.g. -45 or in parentheses, e.g. (45).)

2017 2018

RESIDUAL INCOME $ $