For 2011 everyday electronics reported 225 million of sales, Ask an Expert

Finance

For 2011, Everyday Electronics reported $22.5 million of sales and $18 million of operating costs (including depreciation). The company has $15 million of investor-supplied operating capital. Its weighted average cost of capital is 10% and its federal-plus-state income tax rate was 36%. What was the firm's Economic Value Added (EVA), that is, how much value did management add to stockholders' wealth during 2011? Round your answer to the nearest dollar, if necessary.

Write out your answer completely. For example, 13 million should be entered as 13,000,000.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92392280

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