questions 49, 2011 PM CFAI mock

why would you use the book value as of the end of 2010 with the net income reported at the end of 2010 to calculate ROE should not you use the book value at the start of 2010, or maybe even the avg book value

nah bro, if asked for 2010, use 2010. don’t think too hard.

scratch that it should be average equity- must be a mistake…if you use average do you get something close?