You have gathered data from the annual reports of the following companies:

Required:
(a) Calculate EVA for each company.
(b) In which company would you buy shares? Why?

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Moose Ltd Gateau Inc Ski Corp Total assets Current liabilities EBIT Advertising expense Restructuring costs Tax expense (paid) Advertising benefit period Restructuring costs benefit period Investors' required return $10,000,000 $70,000,000 $120,000,000 1,100,000 $5,000,000 $10,000,000 1,400,000 $7,200,000 $22,400,000 $500,000 $1.00,000 $3,000,000 $2,000,000 $400,000 $700,000 $5,000,000 3 years 2 years 17% $200,000 $1,000,000 1 year 5 years 15% 2 years 10 years