问题如下:
4. Bickchip’s cash-flow-based accruals ratio in 2009 is closest to:
选项:
A.9.9%.
B.13.4%.
C.23.3%.
解释:
A is correct.
The cash-flow-based accruals ratio = [NI – (CFO + CFI)]/(Average NOA) = [4,038 – (9,822 – 10,068)]/43,192 = 9.9%.
解析:考察知识点是accruals ratio的计算,有两种计算方法,一个是balance sheet approach,一个是cash-flow approach,本题考察的是后者。
请列一下balance sheet approach的公式