如题

问题如下：

(1) LSRC’s ratio of operating cash flow before interest and taxes to operating income during 2012 is closest to:

选项：

A.

1.3.

B.

1.9.

C.

2.3.

解释：

LSRC classifies interest expense as a financing cash flow under IFRS. As such, the only adjustment necessary to operating cash flow is to add back taxes. Adjusted operating cash flow = Net cash flow provided by operating activities + Cash paid for taxes = 2,450 + 480 = 2,930.

Operating income = EBIT = 1,520.

CFO before interest and taxes to operating income = 2,930/1,520 = 1.9.