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大城小岑 · 2018年04月22日

问一道题:NO.PZ201512300100001105 第5小题 [ CFA II ]

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问题如下图:

    

选项:

A.

B.

C.

解释:


请问FCFE是怎样体现WC的?FCFE=EBIT(1-T)+Dep-WCinv-FCinv, WCinv不是从gongshi公式里扣除了吗?

谢谢

1 个答案

maggie_品职助教 · 2018年04月23日

account for是考虑的意思,我们在计算可以供股东自由支配现金流时扣减了营运资本开支,就是考虑到了这部分是经营所必须花费的,不能作为股东自由支配的一部分。加油。

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