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Quantitative Problem: Rosnan Industries' 2013 and 2012 balance sheets and income statements are shown below. Balance Sheets: 2013 2012 Cash and equivalents $100 585 Accounts
Quantitative Problem: Rosnan Industries' 2013 and 2012 balance sheets and income statements are shown below. Balance Sheets: 2013 2012 Cash and equivalents $100 585 Accounts receivable 275 200 Inventories 375 250 Total current assets $750 $635 Net plant and equipment 2,000 1,490 Total assets $2,750 52,125 $85 50 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity 5150 75 150 $375 450 1,225 $210 290 1,225 400 $2,125 700 $2,750 Income Statements: 2012 $1.500 .000 Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest EBT Taxes (40%) Net income 2013 $2,000 1,250 $750 100 5650 52 5588 235 5353 S228 Dividends paid Addition to retained earnings $53 $300 548 $180 Shares outstanding Price WACC 130 $ 20.83 12.00% 130 $18.33 Using the financial statements above, what is Rosnan's 2013 market value added (MVA)? Round your answer to the nearest dollar. Do not round intermediate calculations. Hide Feedback Incorrect Using the financial statements given earlier, what is Rosnan's 2013 economic value added (EVA)? Round your answer to the nearest cent. Do not round intermediate calculations. Hide Feedback Incorrect
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