开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

lldyy · 2023年04月25日

根据答案，net income = 800000/6.5 因为RR=1-div declared/net income, 而net profits margin = net income / net revenue,但答案中又是1/6.5,这前后不对啊

  1. CFA I
  2. FRA

NO.PZ2016012102000183

问题如下：

Here is a table describes some information from financial statements of DC company for the date December 31,20X8.

Based on the following information, what is the sustainable growth rate of DC company?

  • revenue:$800,000
  • dividend paid: $80,000
  • total asset turnover:0.58
  • financial leverage: 1.7
  • sales to net income:6.5
  • tax rate:20%

选项：

A.

9.45%.

B.

12.45%.

C.

5.31%

解释：

C is correct.

Sustainable growth rate = (retention rate)*(ROE).

ROE =net profit margin* total asset turnover* financial leverage=(1/6.5) *0.58 *1.7=0.1517

Retention rate = (1 - dividend payout ratio) = I -[80000/(800000/6.5)]=0.35

Sustainable growth = 0.1517*0.35=0.0531

如标题

添加评论
1 个答案
已采纳答案

王园圆_品职助教 · 2023年04月25日

同学你好，net profit margin = net income / sales ——这和题目中给出的sales to net income 正好是互为倒数，所以解析中计算ROE的时候，带入net profit margin直接就带入1/6.5，没有问题哦


因为sale to net income = 6.5,所以又可以计算net income = 800,000/6.5 

留存收益率 = RR=1-payout ratio = 1 - dividend paid / net income = 1 -80,000/(800,000/6.5)——从而有了留存收益率，有了ROE的值，就可以计算sustainable growth rate了哦

  • 1

    回答

  • 0

    关注

  • 427

    浏览
相关问题

NO.PZ2016012102000183 问题如下 Here is a table scribes some information from financistatements of company for the te cember 31,20X8.Baseon the following information, whis the sustainable growth rate of company? revenue:$800,000 vinpai $80,000 totasset turnover:0.58 financileverage: 1.7 sales to net income:6.5 trate:20% A.9.45%. B.12.45%. C.5.31% C is correct.Sustainable growth rate = (retention rate)*(ROE). ROE =net profit margin* totasset turnover* financileverage=(1/6.5) *0.58 *1.7=0.1517Retention rate = (1 - vinpayout ratio) = I -[80000/(800000/6.5)]=0.35Sustainable growth = 0.1517*0.35=0.0531 请问Retention rate = (1 - vinpayout ratio) = I -[80000/(800000/6.5)]=0.35。这个是怎么来的？讲义好像完全没有

2024-11-08 23:20 1 · 回答

NO.PZ2016012102000183问题如下 Here is a table scribes some information from financistatements of company for the te cember 31,20X8.Baseon the following information, whis the sustainable growth rate of company? revenue:$800,000 vinpai $80,000 totasset turnover:0.58 financileverage: 1.7 sales to net income:6.5 trate:20%A.9.45%.B.12.45%.C.5.31%C is correct.Sustainable growth rate = (retention rate)*(ROE). ROE =net profit margin* totasset turnover* financileverage=(1/6.5) *0.58 *1.7=0.1517Retention rate = (1 - vinpayout ratio) = I -[80000/(800000/6.5)]=0.35Sustainable growth = 0.1517*0.35=0.0531RR=0.35 知识点有点记不起来了 可以讲一下吗谢谢

2024-10-25 14:02 1 · 回答

NO.PZ2016012102000183问题如下Here is a table scribes some information from financistatements of company for the te cember 31,20X8.Baseon the following information, whis the sustainable growth rate of company? revenue:$800,000 vinpai $80,000 totasset turnover:0.58 financileverage: 1.7 sales to net income:6.5 trate:20%A.9.45%.B.12.45%.C.5.31%C is correct.Sustainable growth rate = (retention rate)*(ROE). ROE =net profit margin* totasset turnover* financileverage=(1/6.5) *0.58 *1.7=0.1517Retention rate = (1 - vinpayout ratio) = I -[80000/(800000/6.5)]=0.35Sustainable growth = 0.1517*0.35=0.0531这道题目的知识点在财务里吗？

2024-07-30 21:33 1 · 回答

NO.PZ2016012102000183 问题如下 Here is a table scribes some information from financistatements of company for the te cember 31,20X8.Baseon the following information, whis the sustainable growth rate of company? revenue:$800,000 vinpai $80,000 totasset turnover:0.58 financileverage: 1.7 sales to net income:6.5 trate:20% A.9.45%. B.12.45%. C.5.31% C is correct.Sustainable growth rate = (retention rate)*(ROE). ROE =net profit margin* totasset turnover* financileverage=(1/6.5) *0.58 *1.7=0.1517Retention rate = (1 - vinpayout ratio) = I -[80000/(800000/6.5)]=0.35Sustainable growth = 0.1517*0.35=0.0531 这里的revenue就等于sales吗？

2024-04-22 20:59 1 · 回答

NO.PZ2016012102000183问题如下Here is a table scribes some information from financistatements of company for the te cember 31,20X8.Baseon the following information, whis the sustainable growth rate of company? revenue:$800,000 vinpai $80,000 totasset turnover:0.58 financileverage: 1.7 sales to net income:6.5 trate:20%A.9.45%.B.12.45%.C.5.31%C is correct.Sustainable growth rate = (retention rate)*(ROE). ROE =net profit margin* totasset turnover* financileverage=(1/6.5) *0.58 *1.7=0.1517Retention rate = (1 - vinpayout ratio) = I -[80000/(800000/6.5)]=0.35Sustainable growth = 0.1517*0.35=0.05312024考吗？谢谢。。。。。

2024-03-19 08:38 1 · 回答