revenue of $ 934 million — unfortunately, we continue to see
the same cash flow issue each year, on average a 20 % + shortfall in Op FCF (vs. adjusted operating profit) over 2015 - 16, implying an adjusted 8.6 % margin is more appropriate in determining a suitable 0.875 Price / Sales multiple.
However, there is one major
issue with this methodology: the IRR calculated from the fund's aggregate
cash flows is not the
same as the average of IRRs realized by all investors in the fund.
CORPORATION, Austin, TX Assistant Controller, November, 2013 - Present • Prepare and
issue monthly financial statements and reports • Ensure implementation of accounting policies an tackle noncompliance
issues • Conduct accounts and subsidiary ledgers reconciliation regularly to identify and rectify any discrepancies found • Supervise and monitor internal accounts control,
cash flow and database management • Maintain accountability to the firm's financial resources • Assist in annual audits and
issue recommendations for policy changes based on
same