这里的statement 3是什么意思？

问题如下：

Which of Valentine’s comments about FCFE is most accurate?

选项：

A.2 B.1 C.3

解释：

Solution

A is correct. If a company’s capital structure is relatively stable, using FCFE to value equity is more direct and simpler than using FCFF. All three sections of the cash flow statement are important in determining FCFE because one must integrate the cash flows from the company’s operations with those from its investing and financing activities to calculate a free cash flow figure. Working with FCFF is likely to be easiest when a company is levered and has negative FCFE.

B is incorrect because all three sections of the cash flow statement are important in determining FCFE because Valentine must integrate the cash flows from the company’s operations with those from its investing and financing activities to calculate a free cash flow figure.

C is incorrect because working with FCFF is likely to be easiest when a company is levered and has negative FCFE.