NO.PZ201512300100001105
问题如下：
5. The cash flow measure that Ritter would most likely recommend to address Cannan’s concern is:
选项：
A.free cash flow to equity.
B.earnings plus non-cash charges.
C.earnings before interest, tax, depreciation, and amortization.
解释：
A is correct.
Free cash flow to equity (FCFE) is defined as cash flow available to shareholders after deducting all operating expenses, interest and debt payments as well as investments in working and fixed capital. Cannan’s requirement that the cash flow include interest expense, working capital and noncash revenue is satisfied by FCFE.
可是它不是有restricting charge =公式资本结构不稳定？,为啥用FCFE，EBITDA不行吗？
FCFE里面考虑了non cash charge ?
