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How to calculate FLEV and Spread? The teacher has given us the formula: FLEV=NFO/CSE SPRED=[RNOA-NFE/NFO] but I am not sure that which time period should

How to calculate FLEV and Spread?

The teacher has given us the formula:

FLEV=NFO/CSE

SPRED=[RNOA-NFE/NFO]

but I am not sure that which time period should these variables be in, eg. Is it FELV (t=1 ) = NFO(t=1)/CSE(t=1) ?

Can you please clarify the time period for each variable, thank you!

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