NO.PZ202304050100014502
问题如下：
(2) LSRC’s balance-sheet-based accruals ratio in 2012 is closest to:
选项：
A.1.7%.
2.4%.
3.6%.
解释：
Net operating assets 2012:
(Total assets – Cash and short-term investments) – (Liabilities – Total debt) = (22,570 – 260) – (16,500 – 9,125) = 14,935
Net operating assets 2011 = (21,480 – 540) – (15,215 – 8,675) = 14,400
Numerator= 14,935 – 14,400 = 535
Denominator (Average NOA) = (14,935 + 14,400)/2 = 14,667.50
Balance-sheet-based accruals ratio = 3.6%
accruals ratio计算公式
分子是净经营性资产的增量，分母是期初期末的平均值，那accrual ratio就只是增长率吗？谢谢！
