Case_Firm_EVA_calculative-solution.xlsx - Notes: As the...

Notes:
As the results of the different groups varied and since in busines
with results, the Excel-sheet shows three different proposed solu
are basically appropriate (also in the exam). As you will see, the
calculations (i.e. how the net debt is calculated) required to calcu
on the capital structure). Basically, the idea is that if you want to
to decide whether to subtract from the sum of the short-term and
the standard way) or also financial assets (assuming that these c
used to reduce debt). Furthermore, it makes sense (if the require
average equity) to calculate the average capital structure.

ss practice and literature there are different ways to come up
utions to the EVA case study. All three ways to calculate the EVA
three calculations only differ in terms of the debt or net debt
ulate the capital structure for the WACC (WACC are dependend
use the net debt to calculate the capital structure then you have
d long-term loans only the cash and cash equivalents (which is
can be sold in the short-term and hence turned into cash and