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杨KitKit · 2020年01月27日

问一道题:NO.PZ201612170200000304

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问题如下:

4. Based on Exhibit 2, the multiple of enterprise value to sales for Centralino as of 31 December 2014 is closest to:

选项:

A.

0.67.

B.

0.74.

C.

0.77.

解释:

C is correct. Enterprise value (EV) is calculated as follows: EV = Market value of common equity + Market value of preferred stock + Market value of debt Cash, cash equivalents, and short-term investments

= (50 × 41.94 million) + (5.25 × 16.00 million) + 367 102

= 2,446 million (or 2.446 billion).

So, EV/Sales = 2.446 billion/3.182 billion = 0.77.

老师,题目解释里直接用common stock & preferred stock的market price去乘以市场流通股数,去求market value of common stock & preferred stock。


那exhibition 2里给出的数字,是book value,而不是market value,对吗?

1 个答案

maggie_品职助教 · 2020年02月05日

是的,资产负债表就是“账本”,它上面记载的数据就是账面价值。

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NO.PZ201612170200000304 问题如下 4. Baseon Exhibit 2, the multiple of enterprise value to sales for Centralino of 31 cember 2014 is closest to: A.0.67. B.0.74. C.0.77. C is correct. Enterprise value (EV) is calculatefollows: EV = Market value of common equity + Market value of preferresto+ Market value of – Cash, cash equivalents, anshort-term investments = (€50 × 41.94 million) + (€5.25 × 16.00 million) + €367 – €102 = €2,446 million (or €2.446 billion). So, EV/Sales = €2.446 billion/€3.182 billion = 0.77. rt

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