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OpenStudy (anonymous):
when computing ROC, deduct cash from book value of debt + equity? thanks
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OpenStudy (anonymous):
Yes. Deduct cash.
OpenStudy (anonymous):
thank you
OpenStudy (anonymous):
why we need to deduct cash.. to calculate ROC
OpenStudy (anonymous):
you already get return on cash by keeping it in treasury bills. cash is therefore not working capital.
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