Question
Many companies hold significant amounts of excess cash, cash above the amount required for day-to-day operations. Does including excess cash as part of invested capital
Many companies hold significant amounts of excess cash, cash above the amount required for day-to-day operations. Does including excess cash as part of invested capital distort the ROIC upwards or downwards? Why?
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Global Corporate Finance A Focused Approach
Authors: Suk Hi Kim, Kenneth A Kim
2nd Edition
9814618004, 9789814618007
