Leslie corporation reported the following income statement and financial information for the year just ended...
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Accounting
Leslie corporation reported the following income statement and financial information for the year just ended
| Sales | 3,300,000 | Average invested assets | 3,000,000 |
| CGS | 1,700,000 | Average current liabilities | 200,000 |
| Gross Margin | 1,600,000 | income tax rate | 30% |
| Selling and Admin | 200,000 | ||
| Operating income before support dept charged | 1,400,000 | capital debt at 8% average interest rate | 600,000 |
| Support Dept Charge | 100,000 | Equity dividend rate at 20% | 1,800,000 |
| Income from operations | 1,300,000 |
The company uses GAAP operating income and assets net of current liabilities for evaluation purposes.
The EVA for Leslie Corporation is $_______________
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