NO.PZ2023032701000090
问题如下：
An analyst wants to use P/CF ratio, and the cash flow would account for working capital and non-cash revenues, and also be after interest expense and thus not be mismatched with share price.
The cash flow measure that Ritter would most likely recommend to address Cannan’s concern is:
选项：
A.
free cash flow to equity
B.
earnings plus non-cash charges
C.
earnings before interest, tax, depreciation, and amortization
解释：
Free cash flow to equity (FCFE) is defined as cash flow available to shareholders after deducting all operating expenses, interest and debt payments as well as investments in working and fixed capital. Cannan’s requirement that the cash flow include interest expense, working capital and noncash revenue is satisfied by FCFE.
请问老师，这题的“account for"到底是指要包含还是要剔除，如果是要包含的意思，那FCFE实际是减掉了WCInv的，也就是说没有把wcinv考虑进去，为什么不选B呢？
