以下是引用冰晶火在2011-6-3 1:28:00的发言:
Sorry, I should notice that.
OK, my solution is like this
FCFE=NI+Depr Exp-exp in Working capital-exp in FCInv+book value of Long-term asset sale
Which is FCFE=50+27-4-65+2
You don't want to add the whole sale price of the assets because the profit is already included in the NI.
It's OK.
So the formula is like this. FCFE= NI+NCC-FCInv-WCInv+Net Borrowing
Where:
NI=50
NCC=27
FCInv=65-(10-8) cause $8 profit is already in NI.
WCInv=4
Net Borrowing=0 |