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Calculate Watervan's economic value added (EVA). (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Here are simplified
Calculate Watervan's economic value added (EVA). (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes Net income Assets BALANCE SHEET (Figures in $ millions) $886.00 746.00 36.00 The company's cost of capital is .08%. $104.00 17.00 $ 87.00 30.45 $ 56.55 Current assets Long-term assets Total assets Liabilities and shareholders' equity Current liabilities Long-term debt Shareholders' equity Total liabilities and shareholders' equity End of Year $ 374 268 $ 642 $ 199 113 330 $ 642 Start of Year $ 322 227 $ 549 $ 162 126 261 $ 549
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