deletions | additions       diff --git a/section_Building_a_Profitability_Valuation__.tex b/section_Building_a_Profitability_Valuation__.tex  index 2958d32..de343d4 100644  --- a/section_Building_a_Profitability_Valuation__.tex  +++ b/section_Building_a_Profitability_Valuation__.tex 
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Cash & Other Non-Operating Assets+Fixed Assets+Intangible Assets+Working Capital=Debt+Equity  \end{equation}  \\  \\  If we define Enterprise Value as the market value of Debt and Equity minus the casha firm holds, it appear clear from these accounting identities that Enterprise Value is the market value of the operating assets.  \begin{equation}  EV_{t}= toto  \end{equation}  Thirdly, we need to identify a certain number of accounting identities similar to the ones we used for the \textit{RIM} in order to link cash-flow generation, the balance sheet and the market value of the balance sheet.  \\