计算FCFF的时候 其中的WCINV 是要刨除掉现金及短期负债（notes payable及C.P OF long-t debt）
EQUITY官书p391，最下面一段里面清楚写着的。
although working capital is often defined as (CA- CL),
working capital for cash flow and valuation purpose is defined to exclude cash and short term debt(notes payable及C.P OF long-t debt)
至于fc inv = delta gross PPE= delta net PPE + dep(IS表中的那个)
[此贴子已经被作者于2011-6-1 21:07:21编辑过] | 
发表于 2011-6-1 19:40
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