for question b, why when calculate normalized EPS, it does not include year 2007, only include average from 2003-2006 ? thanks.
As far as I can tell it is because the 2007 numbers are just estimates.
NO, because 2007 figure is not normal as compared to 2003-2006.
I just did it this morning… I don’t have the curriculum right now, but I think it says in the question to use 2003-2006 … doesn’t it.