问题如下图：
选项：
A. 
B. 
C. 
解释：
讲义里是cash和investment，那如果是long term investment，要不要扣除？
NO.PZ201612170200000406 问题如下 6. Baseon Exhibit 4, Gesticular’s EV/EBIT multiple is closest to: A.11.4. B.13.7. C.14.6. B is correct. The EV for Gesticulis calculatefollows: EV = Market value of + Market value of common equity + Market value of preferreequity – Cash anshort-term investments EV = R$1,733 million + R$6,766 million + R$275 million – R$581 million – R$495 million = R$7,698 millionEV/EBIT = R$7,698 million/R$560 million = 13.7 如果equity中有capital（还是别的哪个单词不太记得了），在计算EV时需要加上吗？
NO.PZ201612170200000406 问题如下 6. Baseon Exhibit 4, Gesticular’s EV/EBIT multiple is closest to: A.11.4. B.13.7. C.14.6. B is correct. The EV for Gesticulis calculatefollows: EV = Market value of + Market value of common equity + Market value of preferreequity – Cash anshort-term investments EV = R$1,733 million + R$6,766 million + R$275 million – R$581 million – R$495 million = R$7,698 millionEV/EBIT = R$7,698 million/R$560 million = 13.7 为什么现金及等价物不计入公司价值呢？
13.7. 14.6. B is correct. The EV for Gesticulis calculatefollows: EV = Market value of + Market value of common equity + Market value of preferreequity – Cash anshort-term investments EV = R$1,733 million + R$6,766 million + R$275 million – R$581 million – R$495 million = R$7,698 million EV/EBIT = R$7,698 million/R$560 million = 13.7EV的职不包括cash，cash等价物，以及短期投资我可以理解，但是本题的EV我计算等于MVcommon+MVpreferreMVbt，关于现金和短期投资我不加上不就是EV了嘛？为什么要减去？是包含在了上述三部分里面了嘛？
讲义上计算EV的公式最后一步是减去cash aninvestment,此处的答案解析给出的公式的最后一步是减去cash anshort-term investment，是不是说计算EV时long-term investment不考虑？如果给出的资产负债表上有 Liability和RetaineEarning，也都不考虑，是吗？
