For 2019, Gourmet Kitchen Products reported $21 million of sales and $17 million of operating costs (including depreciabon). The companx has $14 milion af tatal invested capital, Its after-tax cost of capital is 8 J.b and its federal-plus.state income tax rate was. 25% . What was the firm's economic value added (EvA), that is, how much value did management add to stockholders' wealth during 2019 ? Write out your answer completely. For example, 25 million ahould be entered as 25,000,005 Round your answer to the nearest dollar, if necessary.
For 2019, Gourmet Kitchen Products reported $21 million of sales and $17 million of operating costs (including depreciabon). The companx has $14 milion af tatal invested capital, Its after-tax cost of capital is 8 J.b and its federal-plus.state income tax rate was. 25% . What was the firm's economic value added (EvA), that is, how much value did management add to stockholders' wealth during 2019 ? Write out your answer completely. For example, 25 million ahould be entered as 25,000,005 Round your answer to the nearest dollar, if necessary.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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For 2019, Gourmet Kitchen Products reported $21 million of sales and $17 million of operating costs (including depreciabon). The companx has $14 milion af tatal invested capital, Its after-tax cost of capital is 8 J.b and its federal-plus.state income tax rate was. 25% . What was the firm's economic value added (EvA), that is, how much value did management add to stockholders' wealth during 2019 ? Write out your answer completely. For example, 25 million ahould be entered as 25,000,005 Round your answer to the nearest dollar, if necessary.
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