FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following data relates to the ABC Corporation and its A Division.                                   

A Division sales

 P  8,000,000

A Division operating income

 P     480,000

A Division total assets

 P  2,000,000

A Division current liabilities

 P     600,000

Corporate target rate of return

14%

Corporate weighted average cost of capital

10%

Corporate effective tax rate

30%

 

What is the A Divisions Economic Value Added (EVA)?

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