Kokonoi Hajime · 2023年11月06日
NO.PZ2023040301000123
问题如下：
A company has initiated the process of selling unproductive land, representing 5% of its total assets, and using the proceeds to buy back its common shares. Holding other factors constant, these actions by the company will most likely result in a:
选项：
A.lower sustainable growth
higher return on equity
higher operating margin
解释：
Share buyback reduces equity, holding other factors (e.g., earnings) constant, thus return on equity will be higher
如题
王园圆_品职助教 · 2023年11月06日
同学你好，注意，一个正常的公司，是不可能通过卖出土地获得sales的
sales是指的公司主营业务收入，是销售产品或服务获得的收入才能计入该科目
同样，operating revenue也是指公司通过主营业务经营，扣减必要的经营费用后获得的经营收入
而销售土地，且本题特意强调了是” selling unproductive land”（也就是和生产经营根本无关的土地），显然是和经营无关的，所以这种收入属于营业外收入，是不能计入sales或者operating revenue的，而会记在I/S表的operating income的下面的某个位置而不会包含在operating income里面
所以这个销售土地的收入，最终只会导致NI增加
同时由于销售土地获得的现金被用来买回equity，所以Equity会缩小
所以只能选B
NO.PZ2023040301000123 问题如下 A company hinitiatethe process of selling unproctive lan representing 5% of its totassets, anusing the procee to buy baits common shares. Holng other factors constant, these actions the company will most likely result in A.lower sustainable growth B.higher return on equity C.higher operating margin Share buybareces equity, holng other factors (e.g., earnings) constant, thus return on equity will higher 如题
NO.PZ2023040301000123 问题如下 A company hinitiatethe process of selling unproctive lan representing 5% of its totassets, anusing the procee to buy baits common shares. Holng other factors constant, these actions the company will most likely result in A.lower sustainable growth B.higher return on equity C.higher operating margin Share buybareces equity, holng other factors (e.g., earnings) constant, thus return on equity will higher 请问可以一下B和C吗
