Kwill Pens, Inc. produces the following income statement and balance sheet for the year. The company has a tax rate of 35% and a cost of capital of 10.75%.
Income Statement ($ millions) Balance Sheet ($ millions)
Net sales $2,700.00 Assets
Expenses 680.00 Current assets $1,350.00
Depreciation 340.00 Net fixed assets 2,025.00
EBIT $1,680.00 Total assets $3,375.00
Interest expense 510.00 Taxable income $1,170.00
Required:
a. What is the company's after-tax Operating income?
b. What is the company's total capitalization?
c. What is the company's economic value added?
Answers: 2
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Kwill Pens, Inc. produces the following income statement and balance sheet for the year. The company...
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