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If a company implement an aggressive stock repurchase plan (i.e. Treasury Stock). Discuss the effects of Treasury Stock on profitability ratio computations? In details, please.

If a company implement an aggressive stock repurchase plan (i.e. Treasury Stock). Discuss the effects of Treasury Stock on profitability ratio computations? In details, please.

P.S. The Profitability Ratios: Asset Turnover / NOPAT / Return on Net Operating Assets / Common Earnings / Capital Structure Leverage / Return on Common Equity (ROCE) / Sustainable Growth Rate.

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