老师，请问A选项不对吗

* 问题详情，请查看题干

NO.PZ201512300100001104

问题如下：

4. Cannan’s preference to use the P/E ratio over the P/S ratio is best supported by:

选项：

Reason 1

Reason 2

Reason 3

解释：

C is correct.

The price to sales (P/S) ratio fails to consider differences in cost structures. Also, while share price reflects the effect of debt financing on profitability and risk, sales is a pre-financing income measure and does not incorporate the impact of debt in the firm’s capital structure. Earnings reflect operating and financial leverage, and thus the price-to-earnings (P/E) ratio incorporates the impact of debt in the firm’s capital structure.

如题

添加评论

1 个答案

王园圆_品职助教 · 2023年09月15日

同学你好，A不对哦

现实世界中，sales是指公司的销售额，一般来说一个公司的销售额最多受到市场需求大小的影响，所以整体变动会更平稳

而Net Income是从sales减去一系列的生产成本，运营费用，利息支出，税费等项目后的净额，不仅会受sales的变动的影响，还会被上述一系列费用的变化所扰动，所以NI的变动会更剧烈更不稳定

所以reason 1说NI比sales更稳定，就是错误的

添加评论

1
回答
0
关注
285
浏览

我要回答关注问题

相关问题

NO.PZ201512300100001104 为什么不选reason 2?

2021-10-28 10:51 1 · 回答

老师好，想问下解析里为什么说share prireflects the effeof financing on profitability anrisk。股价是如何反应债券融资对利润和风险的影响的呢，公司借债越多，应该是风险越大，但是利润和股价是怎么变化？

2020-07-12 22:58 1 · 回答

Reason 2 Reason 3 C is correct. The prito sales (P/S) ratio fails to consir fferences in cost structures. Also, while share prireflects the effeof financing on profitability anrisk, sales is a pre-financing income measure anes not incorporate the impaof in the firm’s capitstructure. Earnings refleoperating anfinancileverage, anthus the price-to-earnings (P/E) ratio incorporates the impaof in the firm’s capitstructure.我们在讨论FCFF和FCFE的比较时，有说FCFF 不考虑leverage为什么这道题，考虑了leverage会更优？什么时候考虑leverage更优什么时候不考虑leverage更好？

2020-03-07 14:35 1 · 回答

请问这道题Reason 3要怎么理解呢？

2020-02-26 21:47 1 · 回答

老师，请问A选项不对吗

1 个答案

1

0

285

相关问题