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Course 631 - ratios etc.

Formula: Defensive interval

365 * ((Cash + Marketable securities + receivables) / Projected Expenditures*) * Calculated as: COGS, SG&A, other operating rev. & exp - D&A

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365 * ((Cash + Marketable securities + receivables) / Projected Expenditures) Calculated as: COGS, SG&A, other operating rev. & exp - D&A