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zhaohan · 2023年11月09日

如何看出A公司进行了一次或多次收购?

NO.PZ2023081403000042

问题如下:

Q. Consider the common-size balance sheets in Exhibit 1 for Company A, Company B, as well as the industry average. Which statement is correct?

Exhibit 1:

Balance Sheet and Industry Average

选项:

A.Company A has below-average liquidity risk.

B.Company B has above-average solvency risk.

C.Company A has made one or more acquisitions.

解释:

C is correct. The presence of goodwill on Company A’s balance sheet signifies that it has made one or more acquisitions in the past. The current, cash, and quick ratios are lower for Company A than for the sector average. These lower liquidity ratios imply above-average liquidity risk. The total debt, long-term debt-to-equity, debt-to-equity, and financial leverage ratios are lower for Company B than for the sector average. These lower solvency ratios imply below-average solvency risk.

Current ratio is (35 ÷ 35) = 1.00 for Company A, versus (48 ÷ 28) = 1.71 for the sector average.Cash ratio is (5 + 5) ÷35 = 0.29 for Company A, versus (7 + 2) ÷28 = 0.32 for the sector average.Quick ratio is (5 + 5 + 5) ÷35 = 0.43 for Company A, versus (7 + 2 + 12) ÷28 = 0.75 for the sector average.Total debt ratio is (55 ÷ 100) = 0.55 for Company B, versus (63 ÷ 100) = 0.63 for the sector average.Long-term debt-to-equity ratio is (20 ÷ 45) = 0.44 for Company B, versus (28 ÷ 37) = 0.76 for the sector average.Debt-to-equity ratio is (55 ÷ 45) = 1.22 for Company B, versus (63 ÷ 37) = 1.70 for the sector average.Financial leverage ratio is (100 ÷ 45) = 2.22 for Company B, versus (100 ÷ 37) = 2.70 for the sector average.

答案C为什么是对的?从哪里可以看出?

1 个答案

lynn_品职助教 · 2023年11月09日

嗨,爱思考的PZer你好:


因为A公司有商誉,商誉是指一家企业预期的获利能力超过可辨认资产正常获利能力的资本化价值。企业合并时,购买企业投资成本超过被合并企业净资产公允价值的差额,就是商誉的价值。


没有合并是不会产生商誉的。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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