NO.PZ2018103102000116
问题如下:
According to the financial statement, what`s the FCFE for Company M?
选项:
A. $1,140 million
B. $1,050 million
C. $740 million
解释:
A is correct.
考点:Computing FCFE from Different Accounting Items
解析:FCFE = FCFF – Int (1 – Tax rate) + Net borrowing.
= 950 – 300*(1 – 0.3) + 400
= $1140 million.
NB=borrowing-repayment 题目中600就是borrowing吗?看不明白