Compute the July 2014 cost of capital (rounded to nearest percent) for an investment center with the following information: Pre-tax operating income for July 2014 $15,500,000 Assets at July 31, 2014 8,200,000 Current liabilities at July 31, 2014 3,200,000 Long-term liabilities at July 31, 2014 2,200,000 Income tax expense for July 31, 2014 5,500,000 EVA 9,500,000
A) 5 percent
B) 53 percent
C) 10 percent
D) 61 percent
C
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Departmental operating expenses can be classified as current and long-term
Indicate whether the statement is true or false
Extra compensation items that are not paid directly to an employee are called ________.
A) bonuses B) benefits C) wages D) commissions
According to the ________, evidence obtained from an unreasonable search and seizure can generally be prohibited from introduction at a trial or an administrative proceeding against the person searched.
A. Miranda rights B. exclusionary rule C. presumption of innocence doctrine D. double jeopardy rule
Using the ideas of someone else without giving credit is called ____________________ and is unethical
Fill in the blank(s) with correct word