Reading 24, Exhibit 6

CFA Level II
#1

I’m getting slightly different numbers than shown on CFAi p. 370, Reading 24, Exhibit 6. In particular, 2006 Net Profit Margin I calculate as 9,775 / 98,458 = 9.93% != 10.00%.

I’m not saying CFAi is wrong, because I’ve already cried wolf a couple times.

#2

I think I see the problem - you’re supposed to start with Exhibit 2 & continue building the example. Exhibit 6 actually uses the ‘Profit for the Period’ line from Exhibit 2 (including discontinued operations) rather than the profit from continuing operations in Exhibit 5.