EVA is considered a valuable measure of financial performance because it:a.Reflects the market value of a company's sharesb.Considers the cost of capital in evaluating profitabilityc.Calculates the net income available to common shareholdersd.Measures the total value of a company's assets

EVA is considered a valuable measure of financial performance because it:

a. Reflects the market value of a company's shares: EVA takes into account the market value of a company's shares, which reflects the perception of investors regarding the company's performance and potential.

b. Considers the cost of capital in evaluating profitability: EVA considers the cost of capital, which is the return required by investors for providing funds to the company. By incorporating this cost, EVA provides a more accurate assessment of a company's profitability.

c. Calculates the net income available to common shareholders: EVA calculates the net income available to common shareholders, which is the income remaining after deducting all expenses, including the cost of capital. This measure focuses on the income generated specifically for the shareholders.

d. Measures the total value of a company's assets: EVA measures the total value of a company's assets, including both tangible and intangible assets. This provides a comprehensive view of the company's overall value and performance.