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9) Casey Motors recently reported the following information: Net Income = $600,000. Tax rate = 40%. Interest expense = $200,000. Total investor-supplied operating capital employed
9) Casey Motors recently reported the following information: Net Income = $600,000. Tax rate = 40%. Interest expense = $200,000. Total investor-supplied operating capital employed = $9 million. After-tax cost of capital = 10%. What is the company's EVA? a. -$300,000 b. -$180,000 C. $ d. $200,000 e. $400,000
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Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
