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emma爱地球 · 2025年01月02日

计算CF0

NO.PZ2024011002000044

问题如下:

Based on the following information for Star Inc., what are the total net adjustments that the company would make to net income in order to derive operating cash flow?


选项:

A.Add $2 million. B.Add $6 million. C.Subtract $6 million.

解释:

To derive operating cash flow, the company would make the following adjustments to net income: Add depreciation (a non-cash expense) of $2 million; add the decrease in accounts receivable of $3 million; add the increase in accounts payable of $5 million; and subtract the increase in inventory of $4 million. Total additions would be $10 million, and total subtractions would be $4 million, which gives net additions of $6 million.

这一题能算出来答案,减掉Δ资产,加上Δ负债。


但是从理解上,忘记了为什么要减掉Δinventory? 这是怎么理解?


谢谢

1 个答案

王园圆_品职助教 · 2025年01月02日

同学你好,inventory是一种经营性资产,如果公司期末的inventory比期初更多了,说明公司本年买入了更多的inventory,也就是为了购买这些inventory花了更多的钱,所以Δinventory就是公司现金流的减项,应该被减去

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