问题已解决
某企業(yè)去年銷售額為500萬元,息稅前利潤率為10%,借款總額200萬元,平均借款利率為5%,該企業(yè)歷史復(fù)合杠桿系數(shù)為2.5,試求今年在銷售增長10%的情況下,企業(yè)的息稅前利潤能達到多少? 老師,這題,我怎么算也算不出來
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你好,同學(xué)。
杠桿系數(shù)=每股收益變動率/收入變動率=邊際貢獻/息稅前利潤=2.5
銷售增長10%,那么每股收益變動=2.5/10%=25%
2020 03/23 16:48
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2020 03/23 16:49
【X-(500*10%-200*5%)】/(500*10%-200*5%)=25%
你求出X,就是息稅前利潤
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2020 03/23 16:51
求出每股收益變動率,然后呢老師
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2020 03/23 16:53
后面你接著看,沒發(fā)出來完
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2020 03/23 16:54
老師,你設(shè)的x是今年的息稅前變動率是吧,(今年-去年)÷去年,就可以算出它的增長率,這個我懂了,我不明白為什么用500×10%,為什么息稅前利潤可以等于銷售額×息稅前利潤變動率?
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2020 03/23 16:57
500是收入 10%是利潤率,計算出的是息稅前利潤
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2020 03/23 16:58
我懂銷售收入×銷售利潤率,可以算出利潤總額,但是我就是糾結(jié)為什么銷售收入×息稅前利潤率等于息稅前利潤???
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2020 03/23 17:04
這個比例和你利潤率一樣的,原理 一樣的,給的是息稅前利潤率,你直接計算后就是息稅前利潤了
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2020 03/23 17:05
好的謝謝老師
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2020 03/23 17:11
嗯嗯,祝你學(xué)習(xí)愉快。
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