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齐王木木 · 2021年02月21日

WC计算

* 问题详情,请 查看题干

NO.PZ201809170300000103

问题如下:

Based on Exhibit 1, Company A’s FCFE for the most recent year is closest to:

选项:

A.

$5,318 million.

B.

$6,126 million.

C.

$7,126 million.

解释:

C is correct. FCFE for Company A for the most recent year is calculated as follows:

Net non-cash charges are found by adding depreciation to other non-cash expenses:

$500 million + $1,000 million = $1,500 million.

Investment in working capital is calculated by netting the increase in accounts receivable, the decrease in accounts payable, and the increase in other current liabilities:

-$452 million - $210 million + $540 million =- $122 million (outflow).

Net borrowing repayment is calculated by netting the increase in notes payable and the decrease in long-term debt:

$25 million -$1,500 million =- $1,475 million (outflow).

WC不是应该CA-CL么?为何不是-452-(-210+540)?

1 个答案

Debrah_品职答疑助手 · 2021年02月22日

嗨,努力学习的PZer你好:


WCinv=△CA-△CL。解答这个题目主要是要会看表。对现金流量表来说,表格里的数字是数,代表现金流入,负数代表流出。

譬如,这道题目中 increase(decrease) in AP是(210),代表应付账款较少了210mn,可以理解为有210mn是实际支付了现金,而没有采用赊账的方式,导致现金流减少210mn。(increase)decrease in AR为(452),说明应收账款增加452mn,可以理解为本来应该收现金452mn,现在增加了应收账款,但是没有收到现金,导致现金流减少了452亿。

所以同学你只需要看表格识别现金流的方向即可。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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NO.PZ201809170300000103问题如下 Based on Exhibit 1, Company A’s FCFE for the most recent yeis closest to: $5,318 million. $6,126 million. $7,126 million. C is correct. FCFE for Company A for the most recent yeis calculatefollows: Net non-cash charges are founaing preciation to other non-cash expenses: $500 million + $1,000 million = $1,500 million. Investment in working capitis calculatenetting the increase in accounts receivable, the crease in accounts payable, anthe increase in other current liabilities: –-$452 million -– $210 million + $540 million =- – $122 million (outflow). Net borrowing repayment is calculatenetting the increase in notes payable anthe crease in long-term bt: $25 million – -$1,500 million =- – $1,475 million (outflow). 我是减去优先股得到第二个答案

2023-03-22 21:59 1 · 回答

NO.PZ201809170300000103 问题如下 Based on Exhibit 1, Company A’s FCFE for the most recent yeis closest to: $5,318 million. $6,126 million. $7,126 million. C is correct. FCFE for Company A for the most recent yeis calculatefollows: Net non-cash charges are founaing preciation to other non-cash expenses: $500 million + $1,000 million = $1,500 million. Investment in working capitis calculatenetting the increase in accounts receivable, the crease in accounts payable, anthe increase in other current liabilities: –-$452 million -– $210 million + $540 million =- – $122 million (outflow). Net borrowing repayment is calculatenetting the increase in notes payable anthe crease in long-term bt: $25 million – -$1,500 million =- – $1,475 million (outflow). 请问计算FC时,看CF表中CAPEX一般也是直接列示出来吗,没有列示就是默认为0的意思吗?

2023-03-16 16:03 1 · 回答

NO.PZ201809170300000103 Baseon Exhibit 1, Company A’s FCFE for the most recent yeis closest to: $5,318 million. $6,126 million. $7,126 million. C is correct. FCFE for Company A for the most recent yeis calculatefollows: Net non-cash charges are founaing preciation to other non-cash expenses: $500 million + $1,000 million = $1,500 million. Investment in working capitis calculatenetting the increase in accounts receivable, the crease in accounts payable, anthe increase in other current liabilities: –-$452 million - – $210 million + $540 million =- – $122 million (outflow). Net borrowing repayment is calculatenetting the increase in notes payable anthe crease in long-term bt: $25 million – -$1,500 million =- – $1,475 million (outflow). 老师请教一下NB包含两块,NP和Long term bt,还有别的可能性是包含在NB中的吗?

2021-11-24 16:54 1 · 回答

NO.PZ201809170300000103 Baseon Exhibit 1, Company A’s FCFE for the most recent yeis closest to: $5,318 million. $6,126 million. $7,126 million. C is correct. FCFE for Company A for the most recent yeis calculatefollows: Net non-cash charges are founaing preciation to other non-cash expenses: $500 million + $1,000 million = $1,500 million. Investment in working capitis calculatenetting the increase in accounts receivable, the crease in accounts payable, anthe increase in other current liabilities: –-$452 million - – $210 million + $540 million =- – $122 million (outflow). Net borrowing repayment is calculatenetting the increase in notes payable anthe crease in long-term bt: $25 million – -$1,500 million =- – $1,475 million (outflow). 这里的FCinv是不是通过Capex-procee from sales (0-2379=-2379)得出的?

2021-10-07 09:40 1 · 回答

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2021-08-30 14:14 1 · 回答