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 |
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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