A company operating in the IT sector has Profit before tax for the year ended...
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Accounting
A company operating in the IT sector has Profit before tax for the year ended March 2021 at Rs 42120 crores. The YTD market return on the IT sector is 48.5% and the yield on G-Sec is 6.35% The beta for the given company is 0.65. The company has no long-term debt for the current year and its equity is Rs 74794 crores: Considering the effective tax rate of 25.17% Calculate the Economic Value Added and interpret the findings.
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