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Insight Box Concept Check 4 If an investor is skeptical of pro forma income as reported by a company, she should compare actual earnings against

Insight Box Concept Check 4 If an investor is skeptical of pro forma income as reported by a company, she should compare actual earnings against pro forma income to determine the latter's usefulness for investing. adjust pro forma income by the rate of inflation. O compare pro forma income with fully diluted earnings per share. compare pro forma income with cash from investing activities

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