deletions | additions       diff --git a/section_Building_a_Profitability_Valuation__.tex b/section_Building_a_Profitability_Valuation__.tex  index 3f7da21..c90a35b 100644  --- a/section_Building_a_Profitability_Valuation__.tex  +++ b/section_Building_a_Profitability_Valuation__.tex 
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\end{equation}  Just as in the \textit{RIM} approach, we introduce the notion of abnormal operating earnings :   \begin{equation}  A_{t}=NOPAT_{t}-WACC*IC_{t-1} A_{t}=NOPAT_{t}-WACC \times IC_{t-1}  \end{equation}  where $A_{t}$ are the abnormal operating earnings and $WACC$ the Weighted Average Cost of Capital.