Many companies hold significant amounts of excess cash, that is, cash above the amount required for day-to-day

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Many companies hold significant amounts of excess cash, that is, cash above the amount required for day-to-day operations. Does including excess cash as part of invested capital distort the ROIC upward or downward? Why?

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Valuation Measuring and managing the values of companies

ISBN: ?978-0470424704

5th edition

Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel

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Question Posted: Aug 12, 2015 02:18 AM

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Many companies hold significant amounts of excess cash, that is, cash above the amount required for day-to-day

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Valuation Measuring and managing the values of companies

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