lecture note chapter 16 example 1

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November 9, 2014 at 2:55 pm #208617
clamy
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Hi Sir,

Could you kindly explain why in the example we need to add the non-capitalized leases back to the capital employed? Thanks.
November 9, 2014 at 5:36 pm #208652
John Moffat
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To give a ‘fair’ representation of the total assets employed in the business.
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