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AroDing · 2025年04月29日

这题应该是怎么计算的呢?

NO.PZ2024011002000044

问题如下:

Based on the following information for Star Inc., what are the total net adjustments that the company would make to net income in order to derive operating cash flow?


选项:

A.Add $2 million. B.Add $6 million. C.Subtract $6 million.

解释:

To derive operating cash flow, the company would make the following adjustments to net income: Add depreciation (a non-cash expense) of $2 million; add the decrease in accounts receivable of $3 million; add the increase in accounts payable of $5 million; and subtract the increase in inventory of $4 million. Total additions would be $10 million, and total subtractions would be $4 million, which gives net additions of $6 million.

折旧费应该不算先进项目吧,应该要从NI里减去吧

1 个答案

王园圆_品职助教 · 2025年04月29日

同学你好,折旧是会导致NI下降的非现金项目,所以应该在NI的基础上加回才能计算真实的现金流CFO

所以这道题应该是CFO = NI + depreciation - ΔAR -Δinventory + ΔAP= 20 + 2 - (-3)-4 +5 = 26

题目问的是CFO相对NI要如何变化,所以是在NI的基础上再+ 6才能得到CFO

同学你这部分知识点如果不记得,对后续计算和考试的影响还是很大的,建议还是在听一下何老师关于现金流量表的相关内容,理清概念后再来做题,效果才会好的