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Business, 28.11.2019 23:31 hannahkharel2

Calculating economic value added east mullett manufacturing earned operating income last year as shown in the following income statement: sales $630,000 cost of goods sold 380,000 gross margin $250,000 selling and administrative expense 174,400 operating income $ 75,600 less: income taxes (@ 40%) 30,240 net income $ 45,360 total capital employed equaled $381,000. east mullett's actual cost of capital is 8 percent. required: calculate the eva for east mullett manufacturing. $

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