NO.PZ2023081403000139
问题如下：
Q. What would be the most reasonable explanation of the financial data?An analyst is evaluating the solvency and liquidity of Apex Manufacturing and has collected the data in Exhibit 1:
Exhibit 1:
Solvency and Liquidity of Apex Manufacturing (euro millions)
选项：
A.The decline in the company’s equity results from a decline in the market value of this company’s common shares.
B.The EUR250 increase in the company’s debt from FY3 to FY5 indicates that lenders are viewing the company as increasingly creditworthy.
C.The decline in the company’s equity indicates that the company may be incurring losses, paying dividends greater than income, or repurchasing shares.
解释：
C is correct. The decline in the company’s equity indicates that the company may be incurring losses, paying dividends greater than income, or repurchasing shares. Recall that Beginning equity – Shares repurchased + Comprehensive income – Dividends = Ending equity. The book value of a company’s equity is not affected by changes in the market value of its common stock. An increased amount of lending does not necessarily indicate that lenders view a company as increasingly creditworthy. Creditworthiness is not evaluated based on how much a company has increased its debt but rather on its willingness and ability to pay its obligations. (Its financial strength is indicated by its solvency, liquidity, profitability, efficiency, and other aspects of credit analysis.)
为什么选c，a错在哪
