"Financial Report":Return on equity

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來(lái)源: 正保會(huì)計(jì)網(wǎng)校編輯：小鞠橘桔 2020/12/28 17:30:08　字體：大小

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Questions 1:

An analyst has calculated the following ratios for a company:

Financial Report:Return on equity

The company’s return on equity (ROE) is closest to:

A、 22.7%.

B 、4.8%.

C 、15.2%.

Questions 2:

The following financial data are available for a company:

Financial Report:Return on equity

The company’s sustainable growth rate is closest to:

A、 4.40%.

B、 4.78%.

C、 4.00%.

View answer resolution

【Answer to question 1】C

【analysis】

C is correct. Using DuPont analysis, there are two ways to calculate ROE from the information provided:

Financial Report:Return on equity

A is incorrect. It uses Operating profit margin × Asset turnover × Financial leverage = 17.5 × 0.89 × 1.46 = 22.7 B is incorrect. It uses Net profit margin × Asset turnover × Debt to equity = 11.7 × 0.89 × 0.46 = 4.8%.

【Answer to question 2】A

【analysis】

A is correct. Sustainable growth rate = Retention ratio (b) × Return on equity (ROE)

Financial Report:Return on equity

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