Question
If net-operating profit after-tax of the Tools Division is 19% of sales, capital employed is $6.18 million, the cost of capital for the division is
If net-operating profit after-tax of the Tools Division is 19% of sales, capital employed is $6.18 million, the cost of capital for the division is 9.1% and sales are $9.63 million, then what would be the EVA for the division?
Instructions: Enter your answer with NO COMMAS or dollar signs. Round your answer to the nearest 1 - no decimals! If you calculated the answer $1,300,492.7 you would enter the following in the blank space: 1300493
Answer:
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Accounting For Decision Making And Control
Authors: Jerold Zimmerman
7th Edition
0078136725, 9780078136726
