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Hi, for December 2012 question 3 – Stillwater Services, in the suggested answer in part A , the doubtful debts in NOPAT shown as 2 mil , but according to the technical articles wrote by Nick Ryan,it stated that any increase or decrease of doubtful debts should be included in NOPAT , from my understanding it should be 1.5 mil but it is different from the suggested answer.
Kindly revert.
Thank you very much.
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