easy · Corporate Credit Analysis

What is the primary difference between Funds from Operations (FFO) and Cash Flow from Operations (CFO)?

  1. CFO is a financing measure, while FFO is an investing measure
  2. FFO includes capital expenditures, while CFO excludes them
  3. FFO is only used for firms in the technology sector
  4. CFO includes changes in working capital, while FFO typically does not

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