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DIR SIR
I have Q in JUNE 14, for Q1. The part (iii), when calculate the EVA. my workings are:
operating profit: 10852970
less: (10852970*25%) (2713243)
Add: marketing 3819000
Less: tax paid in cash (2100000)
TOTAL 9858727
I REMEMBERED this method of calculating EVA was in the lecture, and I calculate it based on our method.
however, in the examiner answer, the examiner use the finance cost * interest rate to be deducted amount, in our lecture we should use the PBIT *tax rate. what’s wrong with my answer?
thanks sir
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