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Balance Sheets: 2013 2012 Cash and equivalents $100 $85 Accounts receivable 275 200 Inventories 375 250 $750 Total current assets $635 Net plant and equipment
Balance Sheets: 2013 2012 Cash and equivalents $100 $85 Accounts receivable 275 200 Inventories 375 250 $750 Total current assets $635 Net plant and equipment 2,000 1,490 Total assets $2,750 $2,125 Accounts payable $150 $85 Accruals 75 50 Notes payable 150 75 Total current liabilities $375 $210 Long-term debt 450 290 1,225 Common stock 1,225 Retained earnings 700 400 Total liabilities and equity $2,125 $2,750 Income Statements: 2012 2013 Sales $2,000 $1,500 1,250 1,000 Operating costs excluding depreciation $500 EBITDA $750 Depreciation and amortization 100 75 $650 EBIT $425 Interest 62 45 EBT $588 $380 Taxes (40%) 235 152 $228 Net income $353 Dividends paid $53 $48 Addition to retained earnings $300 $180 Shares outstanding 120 120 $ 25.00 $ 22.50 Price 10.00 % WACC Using the financial statements above, what is Rosnan's 2013 market value added (MVA)? Round your answer to the nearest dollar. Do not round intermediate calculations. Using the financial statements given earlier, what is Rosnan's 2013 economic value added (EVA)? Round your answer to the nearest cent. Do not round intermediate calculations. Check My Work (5 remaining)
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