Question: Note that we added depreciation back to operating cash flow and to additions to fixed assets. Why add it back twice? Isn't this double-counting? It

Note that we added depreciation back to operating cash flow and to additions to fixed assets. Why add it back twice? Isn't this double-counting?

It is often said that anyone with a pencil can calculate financial ratios, but it takes a brain to interpret them. What kinds of things should an analyst keep in mind when evaluating the financial statements of a given firm?

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