$888.00 748.00 38.00 INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes Net income 19.00 $ 83.00 29.05 $ 53.95 BALANCE SHEET (Figures in $ millions) Start of End of Year Year $ 376 272 $ 648 $ 326 229 $ 555 Assets Current assets Long-term assets Total assets Liabilities and shareholders’ equity Current liabilities Long-term debt Shareholders’ equity Total liabilities and shareholders’ equity $ 201 115 332 $ 648 $ 164 128 263 $ 555 The company’s cost of capital is 8%.
The company’s cost of capital is 8%. a. Calculate Watervan’s economic value added (EVA). (Do not round Intermediate calculations. Enter your answer in million rounded to 2 decimal places.) Economic value added $ 38.78 million b. What is the company’s return on capital? (Use start-of-year rather than average capital.) (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Return on capital 18.81 % c. What is its return on equity? (Use start-of-year rather than average equity) (Enter your answer as a percent rounded to 2 decimal places.) Return on equity 2 4.61%
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