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Positive LEs measure stretching in phase space—the speed of divergence of one variable with respect to another variable. This dizzying obsession with “making numbers” is documented by the accounting professors David Burgstahler of the University of Washington and Ilia Dichev of the University of Michigan.1 They show that about one in ten managers facing small best things to invest in 2024 uk declines in earnings manage to show earnings increases, and that about four in ten facing negative earnings manage to report positive earnings! Therefore, you might look at all the expenses on the income statement over several years..

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