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Why would it be incorrect to define a profitability ratio as earnings divide invested cap (NI/IC) A . Taxes would not be treated correctly B

Why would it be incorrect to define a profitability ratio as earnings divide invested cap (NI/IC)

A. Taxes would not be treated correctly B. Earnings should be measured on per-share basis C.there is a mismatch between capital D.earnings include return available

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Fundamentals of Investments Valuation and Management

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