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Phillip Morris reported the following information in its 2 0 1 8 Form 1 0 - K . a . Compute ROE for 2 0
Phillip Morris reported the following information in its Form K
a Compute ROE for using the equity numbers as reported.
Note: Select the appropriate numerator and denominator used to compute ROE from the dropdown menu options. Enter the numerator and denominator amounts to compute ROE.
How do you interpret this ratio?
b Add back treasury shares to adjust for the company's negative equity. Recompute ROE for
Does the adjusted ratio better captures the company's performance during Philip Morris reported the following information in its Form K
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