kevinzhu · 2021年03月17日

S-C-D

1. CFA II
2. Corporate Issuers

* 问题详情，请 查看题干

NO.PZ201601200500000704

问题如下：

4. The after-tax operating cash flows in euros for the Fontenot Company are:

选项：

A.

50 in both years.

B.

70 in both years.

C.

85 in both years.

解释：

C is correct.

The problem gives EBIT not EBITDA.

CF = (S – C – D)(1 – T) + D = 50(1 – 0.3) + 50 = €85 each year

S-C-D=(0-0)-(0-0)-50=-50 答案里面是+50