NO.PZ2018111303000085
问题如下：
Analyst collected the information about ABC company in the following table：
ABC company also has 20 percent interest in the equity of Golden company, beginning of investment is 150 and ending investment is 196. Golden company reported 2,150 revenue and 550 in net income, its average total assets is 1,780. if excluding the investment in associates, the interest coverage ratio of ABC would be:
选项：
A.the same
B.higher
C.lower
解释：
A is correct.
考点: 这道题考的是Integration of FSA techniques一章的market value decomposition。
解析这里是associates,所以用equity method只会增加投资企业的NI 和 investment 资产所以剔除关联公司的影响对EBIT和interest expense都没有影响。
这里要注意的是Shared result一般在EBIT之后列式。
问：
1.这里意思是直接报表最后出来是投资公司NI+被投资公司NI？这样不是很突兀？I/S都不平了？
2.为什么不是在投资公司I/S中的CFI里面增加被投资公司NI？
