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E6.15 In Chapter 5, we saw that the capitalization of operating leases had a dramatic effect on CMG's NOA. The additional asset was almost

E6.15 In Chapter 5, we saw that the capitalization of operating leases had a dramatic effect on CMG's NOA. The additional asset was almost equal to the total amount of assets reported on the balance sheet! What effect would this adjustment to the accounting have on CMG's ROE, RNOA, and ATO?

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