Problem 3-23

Fiterman Inc. has the following summarized financial statements ($000):

INCOME STATEMENT
Revenue	$25,970
Cost/Expense	16,039
EBIT	$ 9,931
Interest (8%)	1,210
EBT	$ 8,721
Tax (35%)	3,052
Net income	$ 5,669

BALANCE SHEET
Assets			Liabilities&Equity
Current Assets	$ 8,217		Current Liabilities	$ 7,042
Fixed Assets	30,636		Debt	$17,167
			Equity	14,644
			Total Capital	$31,811
Total Assets	$38,853		Total Liab&Equity	$38,853

Fitermans equity investors have typically demanded an expected return of at least 25% before they will buy the companys stock. Evaluate Fitermans performance using both ROE and EVA approaches. Do not round intermediate calculations. Round your answer for ROE to one decimal place, don't include the "%". Round your answer for EVA to the nearest dollar, don't include the "$".

ROE ? %

EVA ? $