The table below shows a condensed income statement and bal- ance sheet for a plant. Calculate the plant's EVA. Assume the cost of capital is 10%. Income Statement Assets at 31.12.2020 Revenue 58.3 Net working capital 10.8 Raw materials cost 15.6 Operating cost Depreciation 24.2 Plant & equipment 4.5 Less acc. depreciation 24.3 14 Net plant & equipment 40.8 65.1 Pretax income Tax at 35% 4.9 Net income 9.1 Total assets 51.6

The table below shows a condensed income statement and bal- ance sheet for a plant. Calculate the plant's EVA. Assume the cost of capital is 10%. Income Statement Assets at 31.12.2020 Revenue 58.3 Net working capital 10.8 Raw materials cost 15.6 Operating cost Depreciation 24.2 Plant & equipment 4.5 Less acc. depreciation 24.3 14 Net plant & equipment 40.8 65.1 Pretax income Tax at 35% 4.9 Net income 9.1 Total assets 51.6

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 3PA: The income statement comparison for Forklift Material Handling shows the income statement for the...

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