NO.PZ2024011002000162
问题如下:
Kristensen and her team then move on to a discussion of the various ways of comparing Darwin's profitability with other firms in the industry, and they make the following comments:•
- Kristensen: I prefer return on invested capital (ROIC) because it is not affected by the amount of debt on Darwin's balance sheet.
- Palmeiro: Return on equity (ROE) is the most common measure of shareholder return, although Darwin's share repurchase program will affect the relevance of the ratio.
- Marchand: We could use return on capital employed (ROCE), but its significance will be limited if we compare Darwin with companies based in other countries.
选项:
A.Palmeiro's B.Kristensen's C.Marchand's解释:
Marchand's comment is the least accurate. ROCE is essentially ROIC before tax and is defined as operating profit divided by capital employed. As a pretax measure, ROCE is useful when comparing peer companies in different countries because the comparison of underlying profitability would not favor companies benefiting from low tax rate systems.ROIC分母是Long term debt+equity,怎么能说A对呢