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The following numbers were calculated from financial statement for a firm for 2006 and 2005: Year: 2006 2005 ROCE: 15.2% 13.3% RNOA: 11.28% 12.75% NBC:
The following numbers were calculated from financial statement for a firm for 2006 and 2005:
Year: 2006 2005
ROCE: 15.2% 13.3%
RNOA: 11.28% 12.75%
NBC: 2.9% 3.2%
Average net obligation: $2225 $241
Average common equity:4756 4173
a) how much of change in ROCE is due to operating activities and how much is due to finance activity?
b) how much of change in ROCE from financing activities is due to a change in financial leverage, and how much is due to a change in spread over net borrowing costs?
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The Art Of Distressed M And A Buying Selling And Financing Troubled And Insolvent Companies
Authors: H. Peter Nesvold, Jeffrey Anapolsky , Alexandra Reed Lajoux
1st Edition
0071750193,0071750304
