NO.PZ2024011002000052
问题如下：
The following partial common-size cash flow statement and coverage ratio information is available for a company:
Compared with 2015, the most appropriate
conclusion an analyst can make about 2016 is that the company’s ability to use
operating cash flows to:
选项：
A.pay dividends decreased. B.acquire assets, pay debts, and make distributions to owners decreased. C.acquire assets improved.解释：
The company’s dividend payment coverage ratio worsened; therefore, the company was less able to pay dividends from operating cash flows. Calculations are as follows:
答案说 Reinvestment (ability to acquire assets)：CFO/Cash paid for long term assets = 28.5/13.4= 2.13，reinvestment不是再投资的意思吗，收到的Return进行再投资，而acquire assets是指买设备等的投资，不一样吧，而且分母是13.4，为什么不把other investing这项也加上？
