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^I think that's correct. This is also why ROA & ROE is higher w/ operating leases in the early years. w/ operating leases in early years: greater NI, lower assets.
In future years, finance lease ROA & ROE go up b/c NI goes up b/c lower deprec & interest expense compared to the operating leases' rental payment |
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发表于 2011-7-13 14:41
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