Penny Worth Waste Management has a subsidiary that disposes of hazardous waste and a subsidiary that...

Penny Worth Waste Management has a subsidiary that disposes of hazardous waste and a subsidiary that collects and disposes of residential garbage. Information related to the two subsidiaries follows:

	Hazardous Waste	Residential Waste
Total assets	$15,606,000	$88,740,000
Noninterest-bearing current liabilities	3,366,000	13,464,000
Net income	1,903,000	6,732,000
Interest expense	1,397,000	8,184,000
Required rate of return	10%	13%
Tax rate	40%	40%

(a) Calculate ROI for both subsidiaries. (Round answers to 2 decimal places, e.g. 15.32%.)

		Hazardous Waste		Residential Waste
ROI		22.40 %		15.47 %

b) Calculate EVA for both subsidiaries. Note that since no adjustments for accounting distortions are being made, EVA is equivalent to residual income. (Enter negative answers preceding either - sign, e.g. -45 or in parentheses, e.g. (45).)

		Hazardous Waste		Residential Waste
EVA		$Please place answer here		$Please place answer here

Can someone please help with this and show you work please?

Expert Solution

ekkarill92 answered 2 years ago

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