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jvniki · 2023年11月26日

Interest expense with 80% debt financing = 160 × 0.20 = 32

* 问题详情,请 查看题干

NO.PZ202309050300000101

问题如下:

If we assume an interest rate of 20% for the period, calculate net income for each firm and compare their returns on equity for the period, ignoring income taxes.

选项:

解释:

Solve for net income by subtracting expenses from revenue, and divide net income by total equity to solve for the one-period return on equity:

*Interest expense with 80% debt financing = 160 × 0.20 = 32

Interest expense with 80% debt financing = 160 × 0.20 = 32 如何理解了。 160 和0.2都代表了什么

1 个答案
已采纳答案

王琛_品职助教 · 2023年11月27日

嗨,从没放弃的小努力你好:


1

现在有两家公司

假设公司 1 是 fully financed by equity,公司 2 是 financed with 80% debt and 20% equity

2

对于公司 2 来说

asset 是 200,Debt 为 200*80% = 160

利率是 20%:assume an interest rate of 20% for the period

所以利息费用 Interest expense 为 Debt * interest rate,即 160*20%=32 

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虽然现在很辛苦,但努力过的感觉真的很好,加油!