Question
Tingzi Corporation has an after tax operating income of $2.5 million, assets totalling $8 million and current liabilities totalling $400,000. The weighted average cost of
Tingzi Corporation has an after tax operating income of $2.5 million, assets totalling $8 million and current liabilities totalling $400,000. The weighted average cost of capital is 10 per cent. What is the economic value added?
| a. | $1,700,000 | |
| b. | $1,740,000 | |
| c. | $1,840,000 | |
| d. | $2,560,000 | |
| e. | None of the answers. |
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Cost Accounting Theory And Practice
Authors: R. Palaniappan, N. Hariharan
1st Edition
9380578342, 978-9380578347
