earnings before tax was most stable?

CFA Level III
#1

Not sure about this one…

#2

yep, it’s in the book.

#3

oper earnings most stable… in the text

#4

i put operating margin, less susceptible to accounting manipulation or so i thought at the time, not sure though

#5

oper earning. If you go down in Income statement - you have larger volatility. Sales, oper, EBT, NI…

#6

operating earnings for sure, it’s in shwecher notes, loud and clear.

#7

operating margin most stable without a doubt. excludes impact of interest, dep & taxes … which can vary quite a lot year on year

#8

I said operating earnings as well.

#9
  1. operating earnings 2) ioperating earnings before tax 3) operating margin… ?
#10

pardon my dumb question- operating earnings/margin are same thing, right?? I believe earnings (margin) before taxes, interest, depreciation would be more stable??

#11

C. option was NI

#12

It was operating margin. -1 for me.

#13

the choices were: net income net income before taxes operating margin

#14

choices were EBIT EBT NI

#15

MOPAHT Wrote: ------------------------------------------------------- > oper earning. > > If you go down in Income statement - you have > larger volatility. Sales, oper, EBT, NI… exactly! +1

#16

operating here as well