CH18-Q3)

ALSO:

The following selected data pertain to Coburg Company's furniture division for last year: Sales $4,565,000 Variable costs $2,895,000 Traceable fixed costs $229,400 Average invested capital (assets) $6,860,000 Current liabilities $532,000 Required rate of return 15% Marginal tax rate 31% Weighted average cost of capital 12% (a) Calculate the residual income. Residual income $ Calculate the return on investment. ROI % Calculate the economic value added. EVA $