问题如下:
3. Holt’s FCFF (in millions) for 2008 is closest to:
选项:
A. $308.
B. $370.
C. $422.
解释:
A is correct.
FCFF = NI + NCC + Interest expense (1-
NI = $485 million
NCC = Depreciation expense = $270 million
Interest expense (1-
FCInv = Net purchase of fixed assets = Increase in gross fixed assets
= 4,275 -
WCInv = Increase in accounts receivable + Increase in inventory
= (770 -
= $57 million
FCFF = 485 + 270 + 132.6