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Author Question: Stonex Corp, whose tax rate is 35%, has two sources of funds: long-term debt with a market value of ... (Read 98 times)

B

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on: Mar 6, 2021
Stonex Corp, whose tax rate is 35%, has two sources of funds: long-term debt with a market value of $6,200,000 and an interest rate of 9%, and equity capital with a market value of $14,000,000 and a cost of equity of 13%. Stonex has two operating divisions, the Blue division and the Gold division, with the following financial measures for the current year:

​Total AssetsCurrent LiabilitiesOperating Income
Blue Div.$9,500,000$2,500,000$1,155,000
Gold Div.$12,000,000$2,900,000$1,600,000
Calculate EVA for the Gold Division. (Round intermediary calculations to four decimal places.)
◦ -$56,290
◦ $56,290
◦ $1,040,000
◦ $983,710
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by B on Mar 6, 2021

kbennett34

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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B

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Reply 2 on: Mar 6, 2021
Wow, this really help

olderstudent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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