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i have not seen specifics other than his book but the following link is a good method to calc excess cash. I personally just add up (recvbl+inventory+other current assets) - (payables+deferred+other current liab)+Net Fixed Assets .. i should also do a better version accounting for excess cash correctly :(
http://www.magicdiligence.com/how-to-use-excess-cash-2012-10
Excess Cash = Cash - MAX(0; (Current Liabilities - Current Assets + Cash))
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would also love to see EPV!!