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Calculating economic value added refer to the information

Question: East Mullett Manufacturing earned operating income last year as shown in the following income statement:

At the beginning of the year, the value of operating assets was $345,000. At the end of the year, the value of operating assets was $405,000.

Calculating Economic Value Added Refer to the information for East Mullett Manufacturing on the previous page. Total capital employed equaled $400,000. East Mullett's actual cost of capital is 8 percent.

Required: Calculate the EVA for East Mullett Manufacturing.

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Accounting Basics: Calculating economic value added refer to the information

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