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What is the primary advantage of the return on invested capital (ROIC) as a measure of profitability? O ROIC is naturally lower for firms
What is the primary advantage of the return on invested capital (ROIC) as a measure of profitability? O ROIC is naturally lower for firms that use greater leverage. O ROIC is based on cash flow rather than accounting earnings. O ROIC measures the company's fundamental earning power, undistorted by the use of leverage. O ROIC is naturally higher for firms that use greater leverage. Netflix Income Statement Revenue Cost of Revenue Gross Profit Operating Expense Operating Income Int Exp Taxes Net Income From the Balance Sheet Shareholders Equity FY 2021 20,156,447 12,440,213 7,716,234 5,111,980 2,604,254 543,713 195,315 2,060,541 5,241,606
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