Question
Endotrope Corporation has an after-tax operating income of $3,220,000 and a 11% weighted-average cost of capital. Assets total $7,020,000 and current liabilities total $1,820,000. On
Endotrope Corporation has an after-tax operating income of $3,220,000 and a 11% weighted-average cost of capital. Assets total $7,020,000 and current liabilities total $1,820,000. On the basis of this information, Endotropes economic value added is:
Multiple Choice
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$2,247,600.
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$2,648,000.
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$3,792,000.
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$4,192,400.
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None of the answers is correct.
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
