mengxu

Dreary Wrote:
-------------------------------------------------------
> Damil4real Wrote:
> --------------------------------------------------
> -----
> > is note payable part of net working capital or
> > total debt?
>
>
> NWC = (Delta A/R + Delta Inv) - (Delta AP + Delta
> deferred expenses)
>
> No notes payable, no cash, no s.t. debt, no
> current portion of l.t. debt.
>
> Notes payable goes in netborrowing, which you need
> for FCFE.


its the opposite

Delta A/P - Delta A/R & Inv