问题如下:
Jacques is preparing the valuation for PZ Inc.. Based on the company’s financial statements, Jacques noticed about 5 percent of PZ Inc.’s growth in FCFE has come from decreases in inventory. Shall we consider the decreases in inventory a sustainable source of long-term growth in FCFE?
选项:
A.Yes
B.No, decreases in inventory are a use rather than a source of cash
C.No, inventory reduction has a limit, particularly for a growing firm.
解释:
C is correct.
考点:FCFE
解析:C是正确的。存货最多降到零,此方法是不可持续的。
请问存货减少,不就是正常公司经营卖出存货,是与经营相关的事项,为何这里就不对了呢?