It means that the company is following the industry; it does not necessarily mean that the company

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It means that the company is following the industry; it does not necessarily mean that the company is doing better than the industry because the company's higher ROE may be caused by its use of different accounting practices than those used by other firms in the industry. In Intel's case, however, the ROE difference is quite significant in most years and cannot be explained merely as an accounting anomaly.

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Accounting What The Numbers Mean

ISBN: 9780073379418

8th Edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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