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Calculate economic profit based on the following information: WACC =7.60% ; Total Assets =$1,366 ; Net Income =$266 ; EBIT =$327 ; Payroll Payable =$20
Calculate economic profit based on the following information: WACC
=7.60%
; Total Assets
=$1,366
; Net Income
=$266
; EBIT
=$327
; Payroll Payable
=$20
; Total Equity
=$1,395;
Rate
=10%;
Cash
=$66
; Accounts Payable
=$25
; Bank Debt with interest rate of
7%=$45
. (Hint: Accounts Payable and Payroll Tax Payable are the only non-interest bearing liabilities).\
15.85%
\
13.60%
\
14.28%
\
15.04%
\
11.58%
\
13.50%
\
-13.50%
\
23.45%
\
-7.60%
\
-15.85%
\
13.85%
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