NO.PZ201806201100001202
问题如下：
Jordan’s response about the ratio impact of Alpha’s decision to capitalise interest costs is most likely correct with respect to the:
选项：
A.
interest coverage ratio.
B.
fixed asset turnover ratio.
C.
interest coverage and fixed asset turnover ratios.
解释：
B is correct. Alpha’s fixed asset turnover will be lower because the capitalised interest will appear on the balance sheet as part of the asset being constructed. Therefore, fixed assets will be higher and the fixed asset turnover ratio (total revenue/average net fixed assets) will be lower than if it had expensed these costs. Capitalised interest appears on the balance sheet as part of the asset being constructed instead of being reported as interest expense in the period incurred. However, the interest coverage ratio should be based on interest payments, not interest expense (earnings before interest and taxes/interest payments), and should be unchanged. To provide a true picture of a company’s interest coverage, the entire amount of interest expenditure, both the capitalised portion and the expensed portion, should be used in calculating interest coverage ratios.
老师您好！费用化的时候不是入了COGS吗？那EBIT不是应该更小吗？interest就不应该重复扣减了呀？
