It's always a good idea to read a balance sheet. It's also a...

It's always a good idea to read a balance sheet. It's also a good idea to understand it. Ever bought a leasehold childcare centre which is basically all ABC own. All you pay for is goodwill, which is an intangible asset. Your rationale says nobody should pay a dime to buy a childcare centre. The profit was low. Did you consider addbacks such as one off expenses.