Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. All of the

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Quantitative Problem Rosnan Industries 2020 And 2019 Balance Sheets And Income Statements Are Shown Below All Of The 1 (252.94 KiB) Viewed 33 times

Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. All of the balance of Cash and Equivalents is an operating asset. Balance Sheets: 2020 2019 $100 Cash and equivalents Accounts receivable Inventories 275 375 Total current assets $750 2,300 Net plant and equipment Total assets $3,050 Accounts payable $150 Accruals 75 Notes payable 150 Total current liabilities. $375 Long-term debt 450 Common stock 1,225 Retained earnings 1,000 Total common equity $2,225 Total liabilities and equity $3,050 2020 2019 Sales $2,285 $1,585 1,250 1,000 Operating costs excluding depreciation EBITDA $1,035 $585 Depreciation and amortization 100 75 EBIT $935 $510 Interest 63 46 EBT $872 $464 Taxes (25%) 218 116 Net income $654 $348 Dividends paid $54 $48 Addition to retained earnings $600 $300 Shares outstanding 100 100 Price $25.00 $22.50 WACC 8.00% Using the financial statements above, what is Rosnan's 2020 market value added (MVA)? Do not round intermediate calculations. Round your answer to the nearest dollar. $ Using the financial statements given earlier, what is Rosnan's 2020 economic value added (EVA)? Do not round intermediate calculations. Round your answer to the nearest cent. $ Income Statements: $85 200 250 $535 1,590 $2,125 $85 50 75 $210 290 1,225 400 $1,625 $2,125