For example, for ROIC, you can do it the lazy way by taking NOPAT and Invested Capital for the year. But I believe the proper way is to take the AVERAGE Invested Capital of the start and end of the period to calculate it.
Anyone know which calculation will likely be graded as correct for HF model tests? I am concerned that they are graded by machine with one correct answer.
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Nobody cares so long as u are consistent in ur treatment
Nobody cares in PE either
In banking, the VPs and below might drive themselves into the wall over semantics lkke these
Hope tht helps. Good luck
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