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To: Don Earl who wrote (43626)5/19/1998 11:34:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 176387
 
Don, a return on investment is calculated by taking the earnings and dividing it by the equity base. It is not a passive investment. That's operating income we're talking about. So your question :"I do sort of wonder how much the 229% return on investments affected the earnings." is backwards. Earnings are entirely reflected in the 229% rate of return.

TTFN,
CTC