NO.PZ2016012101000077
问题如下:
Defining total asset turnover as revenue divided by average total assets, all else equal, impairment write-downs of long-lived assets owned by a company will most likely result in an increase for that company in:
选项:
A.the debt-to-equity ratio but not the total asset turnover.
B.the total asset turnover but not the debt-to-equity ratio.
C.both the debt-to-equity ratio and the total asset turnover.
解释:
C is correct.
Impairment write-downs reduce equity in the denominator of the debt-to-equity ratio but do not affect debt, so the debt-to-equity ratio is expected to increase. Impairment write-downs reduce total assets but do not affect revenue. Thus, total asset turnover is expected to increase.
解析:长期资产减值,资产负债表上的资产减少,同时equity也会减少(因为利润表中会确认loss),负债不变,那么debt to equity ratio就变大,因为分母变小了。Asset turnover变大,因为分子revenue不受影响,但是分母asset会变小。
如题。。。。。。。。。。。。。。。。。。