I am having an extremely hard time deciphering how they calculate NWCInv on the FCFF and FCFE Equity Questions near the end.
they list NWCInv as being (80-105) and I cant see where they got this number from….PLEASE HELP!作者: comp_sci_kid 时间: 2013-4-8 22:36
At 31 December 2007 2006
Accounts receivable 413 417
Inventories 709 638
Other current assets 136 123
Current Liabilities $2,783 $2,678
So change in Current assets other than Cash: (413+709+136) - (417+638+123) = 80
Change in Current Liabs: 2783-2678=105
So WCInv = 80-105 = -25.作者: busterbluth 时间: 2013-4-8 22:36
i saw you answered this. thank you. this was driving me nuts but u make it look so ez作者: cross-ied 时间: 2013-4-8 22:37
How did you know which numbers to use? Do the sample exams let you keep the questions this time around, or are you not referring to the CFAI samples?
