问题如下:
Based on Exhibit 1 and Yeta’s target capital structure, the total dividend that Yeta would have paid last year under a residual dividend policy is closest to:
选项:
A.$77 million.
B.$112 million.
C.$175 million.
解释:
A is correct. The dividend under a residual dividend policy would be $77 million, calculated as follows:
B is incorrect because $112 million incorrectly subtracts financing from new debt rather than financing from retained earnings in the calculation of dividend paid:
C is incorrect because $175 million incorrectly uses net income before taxes rather than net income after taxes (earnings) in the calculation:
请问residual dividend policy是什么呀?6种dividend policy好像没有这种呀?
另外,capital expenditure不是固定资产的现金流支出吗?难道资金来源只跟这个capex有关?