RJS generated $78,000 net income this year. The firm's financial statements also show that its interest expense was $40,000, its marginal tax rate was 35 percent, and its invested capital was $1,000,000. If its average cost of funds is 11 percent, what was RJS's economic value added (EVA) this year? Round your answer to the nearest dollar. Use a minus sign to enter a negative value, if any. $ _______

Jerry Rice and Grain Stores has $4,780,000 in yearly sales. The firm earns 4.5 percent on each dollar of sales and turns over its assets 2.7 times per year. It has $123,000 in current liabilities and $349,000 in long-term liabilities. What is its return on stockholders’ equity? Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. If the asset base remains the same as computed in part a, but total asset turnover goes up to 3, what will be the new return on stockholders’ equity? Assume that the profit margin stays the same as do current and long-term liabilities. Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.

There are two companies (Heart and Apt). Here is financial data from the past year. All dollar amounts for sales, total assets and net income are in millions.  The risk free rate (UST securities) = 4%. The S&P 500 is expected to grow 12% over the next year.  The tax rate for both companies is 30%.                                                             Heart                         Apts Sales                                                  $ 9,350                      $ 8,930 Net Income                                      $ 902                         $ 1,460 ROA                                                    8.8%                           7.6% ROE                                                    30.2%                        13.96% Current ratio                                   1.88x                          2.17x Shares outstanding                        238m                         219m Beta                                                   2.58…

A firm's current profits are $450,000. These profits are expected to grow indefinitely at a constant annual rate of 3 percent. If the firm's opportunity cost of funds is 6 percent, determine the value of the firm: Instructions: Round your responses to 2 decimal places.   a. The instant before it pays out current profits as dividends. $ million   b. The instant after it pays out current profits as dividends. $ million