1. Britton Industries has operating income for the year of $2,800,000 and a 35% tax rate. Its total invested capital is $18,000,000 and its after-tax percentage cost of capital is 6%. What is the firm’s EVA? $ ______
2. Baker Brothers has a DSO of 19 days, and its annual sales are $10,585,000. What is its accounts receivable balance? Assume that it uses a 365-day year. Round your answer to the nearest cent.
$ _______