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Return on Invested Capital - or ROIC - Before Charges/links of london bracelets is net income (excluding noncontrolling interests) plus after-tax interest expense derived in accordance with GAAP excluding any restructuring and other charges, gains/losses on the sale of brands and related assets, Links of London Red Friendship Bracelet, and other select items. divided by the thirteen month average of GAAP Invested Capital (net debt plus stockholders' equity less noncontrolling interests) excluding any restructuring and other charges, and other select items. ROE Before Charges/Gains and ROIC Before Charges/Links of London Red Heart Charm Bracelet are measures not derived in accordance with GAAP. Management uses these measures to determine the returns generated by the company and to evaluate and identify cost-reduction initiatives. Management believes these measures provide investors with helpful supplemental information regarding the underlying performance of the company from year to year. Links of London Red Valentine Bracelet measures may be inconsistent with similar measures presented by other companies.One of the great growth industries of the English-speaking world is the exegesis of the writings of John Maynard Keynes. What exactly did Keynes say? When did he say it? Who were his precursors? What did he really mean? What should he have meant?