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Use the following data to compute the economic value added (EVA) for Lyra Corporation. Assume a 10% cost of capital for the company. Adjusted Trial
Use the following data to compute the economic value added (EVA) for Lyra Corporation. Assume a 10% cost of capital for the company. Adjusted Trial Balance December 31, 2005 Debit Credit cash 30.000,00 accounts receivable 33.200,00 supplies 3.950,00 prepaid insurance 2.600,00 equipment 48.500,00 ac.depreciation equipment 18.800,00 accounts payable 3.500,00 loans and notes payable 10.000,00 salaries payable 1.650,00 long term debt 8.700,00 common stock 24.000,00 retained earning 19.500,00 dividens 6.000,00 service revenue 70.300,00 salary expense 25.850,00 interest expense 1.850,00 insurance expense 700,00 depreciation expense equipment 900,00 utilities expense 2.900,00 total 156.450,00 156.450,00
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