Question
If after-tax operating income is$3,220,000, theweighted-average cost of capital is11%, total assets are $7,020,000, and total current liabilities are$1,820,000, the economic value added is: $2,247,600.
If after-tax operating income is$3,220,000, theweighted-average cost of capital is11%, total assets are $7,020,000, and total current liabilities are$1,820,000, the economic value added is:
- $2,247,600.
- $2,648,000.
- $3,792,000.
- $4,192,400.
- None of the answers is correct.
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Management Accounting Information for creating and managing value
Authors: Kim Langfield Smith, David Smith, Paul Andon, Ronald Hilton, Helen Thorne
8th edition
9781760420413 , 978-1760420406
