标题: questions 49, 2011 PM CFAI mock [打印本页]

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作者: malbec    时间: 2011-7-11 19:57     标题: questions 49, 2011 PM CFAI mock

why would you use the book value as of the end of 2010

with the net income reported at the end of 2010 to calculate ROE

should not you use the book value at the start of 2010, or maybe even the avg book value

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作者: busterbluth    时间: 2011-7-11 19:57

nah bro, if asked for 2010, use 2010. don't think too hard.

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作者: zephyranalyst    时间: 2011-7-11 19:57

scratch that it should be average equity- must be a mistake...if you use average do you get something close?

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