NO.PZ2018103102000112
问题如下:
Matt is forecasting FCFE for three companies by using the following equation: FCFE = NI – (1 – DR)(FCInv – Dep + WCInv). The relevant information of three companies is given in the following table. Which company is most likely inappropriate in using the equation?
选项:
A.Company B
B.Company C
C.Company A
解释:
A is correct.
考点:Special Issues: NCC Adjustments
解析:题干中给出的计算FCFE的公式中只考虑了折旧这一项NCC,但是B公司相比其他两家公司有大量的除折旧外的NCC,所以B公司是最不适合用这个公式来计算FCFE的。
NO.PZ2018103102000112
问题如下:
Matt is forecasting FCFE for three companies by using the following equation: FCFE = NI – (1 – DR)(FCInv – Dep + WCInv). The relevant information of three companies is given in the following table. Which company is most likely inappropriate in using the equation?
选项:
A.
Company B
B.
Company C
C.
Company A
解释:
A is correct.
考点:Special Issues: NCC Adjustments
解析:题干中给出的计算FCFE的公式中只考虑了折旧这一项NCC,但是B公司相比其他两家公司有大量的除折旧外的NCC,所以B公司是最不适合用这个公式来计算FCFE的。
为什么计算的company c 的 fcfe = 1500+350+(450+80+3-350)-3500+(1238-1000)< 0 ,如果是负值,不是也不能用fcfe来折现吗