紫同學(xué)
2018-04-01 09:5942. Based on Exhibits 5–7, in comparison to Company X, Company Y has a higher: A. debt/capital ratio. B. debt/EBITDA ratio. C. free cash flow after dividends/debt ratio. 選A。 C is correct because Company Y has a higher ratio of free cash flow after dividends to debt than Company X, not lower, as shown in the following table. Free cash flow after dividends as a % of debt = FCF after dividends Debt Company X Company Y Cash flow from operations £3.3 £14.0 Less Net capital expenditures –0.8 –1.1 ?? Dividends –0.3 –6.1 Free cash flow after dividends £2.2 £6.8 固收課后題reading 55 第42題，答案講解中，在計算自由現(xiàn)金流時，這個值：Net capital expenditures –0.8 –1.1 ??，是如何求出來的，沒看懂。麻煩老師講解一下。謝謝。
所屬：CFA Level I 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
Paul助教
2018-04-02 10:32
該回答已被題主采納
同學(xué)你好，這個net capital expenditure是由Exhibit 7得出的，計算的是固定資產(chǎn)的投入additions to property and equipment和固定資產(chǎn)賣出的差值，proceeds from sale of----。
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