Calculate the company's market value added (MVA) for 2010.

	80,000
	49,000
	30,000
	90,400
	50,000

Assets Cash and equivalents Accounts Receivable Inventories Total Current Assets Glocal Products: December 31: Balance Sheets 2010 2009 Liabilities and Equity 20,000 15,000 Accounts Payable 30,000 35,000 Accruals 35,000 25,000 Notes Payable 85,000 75,000 Total Current Liabilities Long-Term Bonds Total Debt 15,000 10,000 Common Stock Retained Earnings Total Common Equity 100,000 85,000 Total Liabilities & Equity 2010 5,000 5,000 10,000 20,000 10,000 30,000 50,000 20,000 70,000 100,000 2009 6,000 4,000 5,000 15,000 19,000 34,000 40,000 11,000 51,000 85,000 Net Plant and Equipment Total Assets Income Statement Net Sales Operating costs except depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) Depreciation and Amortization Earnings before interest and taxes (EBIT) Interest Earnings before taxes (EBT) Taxes Net Income 2010 50,000.0 13,000.0 37,000.0 20,000.0 17,000.0 1,000.0 16,000.0 6,400.0 9,600.0 Per Share Data Stock Price WACC Tax Rate Shares Outstanding 2010 $10.00 10.00% 40.00% 10,000