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Phipps Chips Projected Financial Data Current Assets $ 1,140,000 Long-Term Assets $...

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Accounting

Phipps Chips Projected Financial Data
Current Assets $ 1,140,000
Long-Term Assets $ 2,640,000
Total Assets $ 3,780,000
Current Liabilities $ 1,090,000
Long-Term Liabilities $ 1,631,000
Total Liabilities $ 2,721,000
Equity $ 1,059,000
Production units 100,000
Sales Price $ 8
Target ROI 15%
Fixed Costs $ 191,000
Variable Costs $ 1.50
Required Rate of Return 14%
Income Tax Rate 25%
Interest Rate 10% a. What is Phipps Chips ROI? Note: Round your answer to 2 decimal places (i.e..1234=12.34%).12.14selected answer correct %
b. What is Phipps Chips residual income (RI)? Note: A loss should be entered as a negative value. $(70,200)selected answer correct
c. What is Phipps Chips economic value added (EVA)? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.

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