For 2016, Gourmet Kitchen Products reported $22 million of sales and $19 million of operating costs (including depreciat

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

For 2016, Gourmet Kitchen Products reported $22 million of sales and $19 million of operating costs (including depreciat

Post by answerhappygod »

For 2016 Gourmet Kitchen Products Reported 22 Million Of Sales And 19 Million Of Operating Costs Including Depreciat 1
For 2016 Gourmet Kitchen Products Reported 22 Million Of Sales And 19 Million Of Operating Costs Including Depreciat 1 (62.86 KiB) Viewed 11 times
For 2016, Gourmet Kitchen Products reported $22 million of sales and $19 million of operating costs (including depreciation). The company has $15 million of total invested capital. Its after-tax cost of capital is 8% and its federal-plus-state income tax rate was 34%. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during 2016? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. $
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”