Toyota intentionally procured liabilities with interest, thus lowering the WACC by expanding both total assets and total liabilities on their balance sheets.
Aeon made Daiei an affiliated company. They didn't make it an subsideary because
if a parent company makes another company a subsidiary, the parent company has to take responsibility for the subsidiary's
liabilities with interest.
assets turnover ratio = net sales / assets
assets turnover ratio is the index that shows how efficiently assets have been used.
It's obtained by dividing net sales by total assets.
WACC is an index to measure the procurement cost of money.
finansial statements are like medical examination reports.