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To calculate Free Cash Flow to Equity-Holders and Free Cash Flow to All Investors there is an adjustment for the change in Operating Cash. Why

To calculate Free Cash Flow to Equity-Holders and Free Cash Flow to All Investors there is an adjustment for the change in Operating Cash. Why is this adjustment needed? Be brief!  

b) If Operating Cash decreases in a given year, how does the decrease affect Free Cash Flow to Equity-Holders and Free Cash Flow to All Investors in that year. Why? Be brief! 

c)  If Operating Cash increases in a given year, how does the increase affect Free Cash Flow to Equity-Holders and Free Cash Flow to All Investors in that year. Why? Be brief!


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a The operating cash reflects companys fundamental business ability to ... blur-text-image
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