I just went thru 20 pages of it and havent learned anything. Seems like nothing is testable in this chapter. And I just looked at the EOC and there’s no questions.
Is the chapter even worth reading?
Also some of the stuff contradicts what i’ve learned before.
ROIC on page 165 — I always had ROIC = NI - Div / Total capital
I have no idea where they got their definition but without using theirs — you cant answer example 8 on page 166.