I’m trying to understand the calculation for the defensive ratio detailed on pg 328 of CFAI (FSA - Earnings Quality). Can anyone help me understand the calculation? Specifically, the daily operating expense (denominator). Thanks!作者: prav_Cfa7 时间: 2013-4-12 21:56
I got it. Thanks again!!作者: kkn006 时间: 2013-4-12 21:56
CP- Just food for thought - if Financial Income was 1500 instead of 576, would I need to subtract 8 (1492-1500 = -8)?
