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Milan Corporation uses economic value added (EVA) as a performance measure. In the current period, the company earned before-tax operating income of $200,000, and it
Milan Corporation uses economic value added (EVA) as a performance measure. In the current period, the company earned before-tax operating income of $200,000, and it reported average total assets of $900,000 and current liabilities of $50,000. Its weighted-average cost of capital is 12%, and its average tax rate is 40%. The company's EVA for the period was
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