标题: sale of receivables [打印本页] 作者: Bad5shah 时间: 2011-7-11 19:50 标题: sale of receivables
brave ones...my last one before exam mode...
why do we have also to add interest expense to ebit when adjusting for sale of receivables....?
suddenly i start forgetting things...
many thanks!作者: lc26mizzou 时间: 2011-7-11 19:50
same here....
because we add the recvbles as s/t liability so we add the s/t interest expense to the regular interest expense and compute the leverage and coverages.
