NO.PZ2023090507000036
问题如下：
Innovatech is a firm with a primarily variable cost structure. Stablecorp is a firm with high fixed costs. Economic growth is expected to decelerate next year, reducing revenue growth for both companies.
Given the forecast of worsening business conditions, which company will experience a greater change in cash flow and profitability?
选项：
A.
Innovatech
B.
No difference
C.
Stablecorp
解释：
C is correct.
With revenue growth slowing, Stablecorp is likely to experience a greater change in cash flow and profitability. Stablecorp has high operating leverage due to its significant fixed costs, resulting in a larger impact on profits for a given change in revenues. In contrast, Innovatech's costs are variable, leading to lower operating leverage
如题，能理解fixed asset比重更大的公司profitability会受到影响，因为固定成本占比变得更大，但是现金流变动大怎么理解？从客户收到的资金应该都是同样减少的，fixed asset也不影响现金流。
是否可以请老师解释下，谢谢。