How much value did management add to stockholders wealth

Assignment Help Financial Management

Reference no: EM131495853

For 2016, Gourmet Kitchen Products reported $22.5 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.

Reference no: EM131495853

Questions Cloud

What made viking ships and scandinavian architecture unique : Describe some unique characteristics of Early Medieval and Viking life. What made Viking ships and Scandinavian architecture unique?

How companies are using these systems : Select one ES from those discussed in this book (ERP, SCM, SRM, CRM, PLM), and provide examples of how companies are using these systems.

Calculating annuity values-calculating perpetuity values : Present Value and Multiple Cash Flows. Calculating Annuity Values. Calculating Perpetuity Values.

Impairment loss for an individual asset : "Recognition and measurement of an impairment loss for an individual asset" You have to write a essay on topic given above.

How much value did management add to stockholders wealth : how much value did management add to stockholders' wealth during 2016?

Explain core concepts related to corporate valuation : Explain core concepts related to corporate valuation and governance and to identify strategies for conducting business with personal and professional integrity.

Assignment on current event article summary : Prepare a current event article summary on a court decision involving discrimination. Summarize the article using the following format:

Is south africas economic system allocative efficient : Is south africas economic system now more allocative efficient

Methods for adapting communication to different : What are the methods for adapting communication to different personalities, cultures, genders, and generations. Have you used these at work? Do they work?

User Account

All Pages