Business Studies, asked by jelaida, 7 months ago

What is economic value added and why do financial managers care about this

Answers

Answered by harvedstark987
1

Answer:

EVA assesses the performance of a company and its management through the idea that a business is only profitable when it creates wealth and returns for shareholders, thus requiring performance above a company's cost of capital. EVA as a performance indicator is very useful.

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