FIN 415 Test 1 KU questions and
answers A+ updated to pass
OCF - correct answer ✔✔NOPAT + Depreciation
NOPAT - correct answer ✔✔Net operating profit after tax
EBIT * (1-Tax rate)
FCF - correct answer ✔✔OCF + Net fixed assets + Net operating working capital
Net Operating Working Capital - correct answer ✔✔CHANGE IN
2018 - 2017
(Current assets - Excess cash) - (Current liabilities - notes payabale)
CHANGE SIGN
Net Fixed Assets - correct answer ✔✔Current Year Fixed Assets - (Previous Year Fixed Assets -
Depreciation)
CHANGE SIGN
Change in Excess Cash - correct answer ✔✔FCF + Cash Flows from Creditors + Cash Flows from
Shareholders
Cash Flow from Creditors - correct answer ✔✔(Interest Expense * (1-Tax)) + (Change in Total
Debt)
answers A+ updated to pass
OCF - correct answer ✔✔NOPAT + Depreciation
NOPAT - correct answer ✔✔Net operating profit after tax
EBIT * (1-Tax rate)
FCF - correct answer ✔✔OCF + Net fixed assets + Net operating working capital
Net Operating Working Capital - correct answer ✔✔CHANGE IN
2018 - 2017
(Current assets - Excess cash) - (Current liabilities - notes payabale)
CHANGE SIGN
Net Fixed Assets - correct answer ✔✔Current Year Fixed Assets - (Previous Year Fixed Assets -
Depreciation)
CHANGE SIGN
Change in Excess Cash - correct answer ✔✔FCF + Cash Flows from Creditors + Cash Flows from
Shareholders
Cash Flow from Creditors - correct answer ✔✔(Interest Expense * (1-Tax)) + (Change in Total
Debt)
