克里斯汀 · 2021年05月08日
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NO.PZ201710200100000206
问题如下：
6. Using the data in Exhibit 3, Withers can estimate the sustainable growth of the Wakuni Corporation as being closest to:
选项：
A.10.66%.
B.11.04%.
C.14.05%.
解释：
A is correct, based on the use of average total assets and beginning-of-year
shareholders’ equity
To calculate sustainable growth,
ROE= NI/E= 43923/397925
g= 1-b = 1-1518/397925
这样算下来 g= ROE*b= 0.11*0.99 = 0.11
和答案10.6%不一样。
想请问下为什么一定要用PART拆解算，这样算为什么不行呢？
NO.PZ201710200100000206 问题如下 6. Using the ta in Exhibit 3, Withers cestimate the sustainable growth of the Wakuni Corporation being closest to: A.10.66%. B.11.04%. C.14.05%. A is correct, baseon the use of average totassets anbeginning-of-yearshareholrs’ equity g= Net income − vin Net income × Net income Sales × Sales Totassets × Totassets Shareholrs' equity To calculate sustainable growth, g= 43,923 − 1,528 43,923 × 43,923 434,474 × 434,474 486,203 × 486,203 397,925 = 96.544% × 10.372% × 87.100% × 122.200% = 10.658% sustainable growth rate还是ROE要求必须用年初的equity吗？如果用一年的平均equity会不会更好？
11.04%. 14.05%. A is correct, baseon the use of average totassets anbeginning-of-yeshareholrs’ equity g= Net income − vinNet income × Net income Sales × Sales Totassets × Totassets Shareholrs' equity To calculate sustainable growth, g= 43,923 − 1,528 43,923 × 43,923 434,474 × 434,474 486,203 × 486,203 397,925 = 96.544% × 10.372% × 87.100% × 122.200% = 10.658% 老师 看了其他答案还是不懂为什么ROE的计算不用期初和期末的平均值、不应该要跟NI对应吗？谢谢
用g=roe*b , roe=NI/Equity, NI-v/NI，感觉g就求出来了，是不是有了NI，v，equity就可以求g了？asset和sales其实是多余了吗？
求计算过程，自己的计算是通过NI/Equity=ROE，然后用ROE*b求g，但是结果不对
