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
这道题的operating income应该就是EBIT吧?从EBIT开始算和答案的NI开始算计算结果有差异,考试的时候从哪个科目开始算更好呢?