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.
B.
C.
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).
老师请帮忙解释一下为什么在这道题中计算FCFE中的FC Inv的时候 文中提到的“ Transaction 1: 900mil loss from sale on equipment” 不用包含在FCinv的计算中