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

Accounting

For 2011, Everyday Electronics reported $22.5 million of sales and $18 million operating costs (including depreciation). The company has $15 million of investor-supplied operating capital. Its weighted average cost of capital is 9% and its federal-plus-state income tax rate was 35%. What was the firm Economic Value Added (EVA), that is, how much value did management add to stockholders' wealth during 2011?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9978953

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