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Problem 6: (Economic Value Added) The following information pertains to Cyclops Corp. Sales 11,400 Cost of Sales 6,000 Gross Profit 5,400 Operating Expenses 4,000 Operating
Problem 6: (Economic Value Added) The following information pertains to Cyclops Corp. Sales 11,400 Cost of Sales 6,000 Gross Profit 5,400 Operating Expenses 4,000 Operating Income 1,400 Interest Expense 400 Income before tax 1,000 Tax Expense (35%) 350 Net Income 650 The company's total assets as of the end of the current year were determined to be P 13,000 while current liabilities totaled P 1,700. The company's computed weighted average cost of capital is at 10%
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