Question
Consider the following data to answer question 12 below. The figures are in millions of dollars. Balance sheet Cash and short-term investments 7000 Current liabilities
Consider the following data to answer question 12 below. The figures are in millions of dollars.
Balance sheet
| Cash and short-term investments | 7000 | Current liabilities | 20000 | |
| Other current assets | 10000 | Long-term debt | 35000 | |
| Non-current assets | 62000 | |||
| Total assets | 79000 | Equity | 24000 |
Income statement
| Operating income | 7000 | |
| Interest payment | 500 | |
| Income before taxes | 6500 | |
| Taxes | 1300 | |
| Net income | 5200 |
The company's WACC is 8%.
EVA (economic value added) is equal to:
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
