Cash-adjustedP/Emultiples are generally: less accurate that standard P/E multiples more accurate than standard P/E multiples higher than standard P/E multiples lower than standard P/E multiples Cash-adjusted P/E multiples are preferred by some analysts because: cash is king cash is less valuable than the rest of the company's business cash is an illusion cash is ofgreater interest to investors than otherassets cash is inherently more valuable than other assets