Income Assets Sales ...
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Finance
| 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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