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Refer to the data in the preceding exercise for Golden Gate Construction Associates. The company has two divisions: the real estate division and the...
Refer to the data in the preceding exercise for Golden Gate Construction Associates. The companyhas two divisions: the real estate division and the construction division. The divisions’ total assets,current liabilities, and before-tatx operating income for the most recent year are as follows:Division Total AssetsCurrentLiabilitiesBefore-TaxOperating IncomeReal estate .................................................................... $150,000,000 $9,000,000 $30,000,000Construction ................................................................. 90,000,000 6,000,000 27,000,000Required: Calculate the economic value added (EVA) for each of Golden Gate Construction Associates’divisions.
