NO.PZ2018103102000110
问题如下:
According to the financial statement, what`s the FCFE for Company M?
选项:
A. $206 million
B. $258 million
C. $281 million
解释:
C is correct.
考点:Computing FCFE from Different Accounting Items
解析:从NI出发计算FCFE:FCFE = NI + NCC – WCInv – FCInv + Net Borrowing
WCInv = Increase in accounts receivable – increase in accounts payable = 59-33 = $26 million
NB = Increase in notes payable + increase in long-term debt = 15+60 = $75 million
FCFE = 485 + 270 – 26 – 523 +75 = $281 million
请问老师,dep is always the only NCC吗?如果不是,通常NCC要如何计算呢?谢谢老师