NO.PZ2023020602000214
问题如下：
An analyst is analyzing two companies in the same industry and believes that they have similar strategies regarding the use of property, plant, and equipment (PP&E). He also thinks that the PP&E assets of the two companies are roughly of the same age and have the same expected useful lives remaining. Company A uses the LIFO method of inventory valuation, and Company B uses the FIFO method. The following additional information is available from the companies’ financial statements ($ millions):
In the analyst’s
opinion, which of the following conclusions is most appropriate? Compared with Company
A, Company B:
选项：
A.is more liquid. B.has a higher quality of earnings. C.uses more aggressive accounting estimates related to PP&E.解释：
The analyst
believes the two companies’ PP&E are of the same age; however, the useful
life remaining for Company B’s assets is 15 years compared with 10 for Company
A, implying B is using a longer useful life or more aggressive accounting
policies.
The more
aggressive PP&E estimates combined with the use of FIFO indicate that
Company B has a lower quality of earnings, not higher. The adjusted current
ratio for Company A (adjusted to include the LIFO reserve to convert the
balance sheet to FIFO for comparison) is higher than the current ratio for B,
indicating that A is more liquid.
1，盈利能力应该是可以量化对比的，采用LIFO就一定比FIFO有更高的盈利能力吗？本文没有强调存货价格是上升还是下降呀。
2，报表有更高的盈利能力，原版中一般从哪几个指标来看？
