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13#
发表于 2011-7-13 15:14
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markCFAIL Wrote:
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> I KNOW to look under the CFI section (see the
> above 20 posts), the point is that the CFI section
> gave both "investment in fixed asset", and
> "proceeds from sale of fixed asset", and used only
> the investment portion in the FCF calculation (as
> opposed to the readings which say to use the net).
Ok, but why would you take into account proceeds from the sale of fixed assets? That is distractor information. The formula instructs us to use FC Inv, not Net FC Inv. This is no excuses material.
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