signment 03- Financial Statements, Cash Flow, and Taxes ue on Tomorrow at 11:59 PM CST boo Ryker During the 1990s, the consulting firm Stern, Stewart & Company developed the concept of Market Value Added, or MVA, to better assess management's performance in maximizing their shareholders' wealth. To achieve this, a firm's MVA is computed as the between the value and the value of Galaxy's shareholders' equity. ok, now here's a question for you: Compared to the book value, what is the advantage of the MVA as a means of evaluating management's performance? Jia Wel, I would say that because the market value of Galaxy's shareholders' equity is calculated by multiplying the shares fluctuate depending on how the market perceives management's performance. A negative assessment will result in by the number of shares , then it wil market price and MVA. Ryker Nicely donel Does this make your reading of Galaxy's annual report easier