Income
Assets
Sales
$550
Net working capital
$280
Cost of goods sold
275
Fixed assets
1500
Selling, general and admin expenses
75
Depreciation
360
EBT
$200
Tax (20%)
$40.0
Other assets
110
Net Income
$160
Assuming the cost of capital is 10%, determine the economic profit.
a.
$7
b.
$5
c.
Can not be determined
d.
$4
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