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一根法棍 · 2025年03月21日

问题感觉问的不明白

NO.PZ2024030503000025

问题如下:

Question

Use the following common-size balance sheet information to answer the question below.

Which company is most likely to have grown through acquisitions?

选项:

A.Company X

B.Company Y

C.Company Z

解释:

Solution
  1. Incorrect because Company X has 1.6% of its total assets allocated to goodwill, which is substantially less than the percentage for Company Z.

  2. Incorrect because Company Y has 2.2% of its total assets allocated to goodwill, which is substantially less than the percentage for Company Z.

  3. Correct. Company Z has the highest percentage of assets in goodwill at 28.8%, with the other companies having much smaller percentages (1.6% for Company X and 2.2% for Company Y). Because goodwill is an asset recognized by acquirers purchasing companies at prices above the fair value of their identifiable assets and liabilities, it is most likely, given the great disparity in goodwill, that of these firms, Company Z has grown through acquisitions.

Analyzing Balance Sheets

• calculate and interpret common-size balance sheets and related financial ratios

问的是发生并购之后增长的是哪家,并购增长的科目应该是哪个呢

1 个答案

王园圆_品职助教 · 2025年03月21日

同学你好,解析已经说明了,和并购相关的科目就是goodwill

所谓goodwill 就是母公司投资子公司的时候愿意支付的价格超过子公司实际公允价值的部分,而母公司之所以愿意支付更多的金额取买子公司,就是认为子公司有很高 的增长潜力,未来能为母公司提供更多的价值收益。——所以我们可以简单认为,确认的GW占总资产的比例越高,说明子公司能在合并后给母公司带来更多的增长空间和价值

Z公司的goodwill占到了总资产的28.8%,说明Z公司认为收购子公司以后可以获得更高得增长


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