Characteristics of Smooth Muscle. The normal characteristics of smooth muscle: Smooth muscle is found in many different places in the human body: Unlike skeletal muscle, smooth muscle is generally not identifiable from gross observation of the body.
Economic value added (EVA) is a method of measuring the financial performance of an enterprise. The EVA is calculated by multiplying the enterprise's capital by its cost of capital and deducting the resulting figure from the net operating profit after tax (NOPAT).his indicator can determine if the enterprise is really creating wealth. In looking at how EVA relates to financial ratio analysis, this aim of measuring economic profit is important. The cost of capital is the annual return required by the lenders and shareholders of the enterprise in return for providing the capital.
A positive EVA means the firm is generating a return to invested capital that exceeds the direct (i.e. interest) and opportunity cost of that invested capital; a negative EVA means that the firm did not generate a sufficient return to cover the cost of its debt and equity capital. Table 1. Calculating EVA EBIT (Earnings Before Interest and Taxes) Less Interest Equals Net Income Less Cost of Equity Capital Equals EVA Improving EVA What insight does EVA provide about financial performance of a business and how to improve it? First, like any financial measure, the trend may be more valuable than the absolute value of EVA. Even if EVA is positive, a declining EVA suggests that financial