问题如下:
5. Leigh’s comment about not considering decreases in inventory to be a source of long-term growth in free cash flow for Holt is:
选项:
A.inconsistent with a forecasting perspective.
B.mistaken because decreases in inventory are a use rather than a source of cash.
C.consistent with a forecasting perspective because inventory reduction has a limit, particularly for a growing firm.
解释:
C is correct.
Inventory cannot be reduced below zero. Furthermore, sales growth tends to increase inventory.
老师好 decrease in inventory 不是相当于cash flow 流入(因为在sell inventory) 这样FCFF 与FCFE 会上去 不是符合这里预测的fcfe or fcff 会grow?