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Asked: October 31, 20202020-10-31T23:15:26+00:00 2020-10-31T23:15:26+00:00In: random

Why is 1/2 of profit deducted from “Total capital employed” to reach at “Average capital employed” in the chapter ‘Valuation’?

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Why is 1/2 of profit deducted from “Total capital employed” to reach at “Average capital employed” in the chapter ‘Valuation’?

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