問(wèn)題已解決
.某公司預(yù)計(jì)2021年?duì)I業(yè)收入1000萬(wàn)元, 營(yíng)業(yè)成本600萬(wàn)元, 銷售及管理費(fèi)用50萬(wàn)元,凈經(jīng)營(yíng)資產(chǎn)增加90萬(wàn)元,凈負(fù)債增加60萬(wàn)元,利息費(fèi)用30萬(wàn)元,所得稅稅率25%。2021年 以后預(yù)期每年銷售增長(zhǎng)率為6%。假設(shè)企業(yè)持續(xù)經(jīng)營(yíng)。股權(quán)資本成本 為10%。計(jì)算2021年該企業(yè)下列指標(biāo): (1) 稅后經(jīng)營(yíng)凈利潤(rùn); (2) 實(shí)體現(xiàn)金流量; (3) 股權(quán)現(xiàn)金流量; (4) 股權(quán)價(jià)值。
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同學(xué)你好,請(qǐng)稍等,這邊為你解答
2022 11/30 20:28
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2022 11/30 20:42
老師好了嗎
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2022 11/30 20:51
老師 我們還有5分鐘結(jié)束了
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芳兒 老師 
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2022 11/30 20:53
稅后經(jīng)營(yíng)凈利潤(rùn)=1000-600-50=350 350*0.75=262.5
實(shí)體現(xiàn)金流量= 稅后經(jīng)營(yíng)凈利潤(rùn)-凈經(jīng)營(yíng)資產(chǎn)增加=262.5-90=172.5
股權(quán)現(xiàn)金流量=(稅后經(jīng)營(yíng)利潤(rùn)-凈經(jīng)營(yíng)資產(chǎn)增加)-(稅后利息費(fèi)用-凈負(fù)債增加)=(262.5-90)-(30*0.75-60)=210
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2022 11/30 21:00
還有一題
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芳兒 老師 
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2022 11/30 21:10
實(shí)體價(jià)值=210/(0.1-0.05)=4200
實(shí)體價(jià)值=股權(quán)價(jià)值+債務(wù)價(jià)值
題目中沒(méi)有涉及債務(wù)價(jià)值,這邊不好計(jì)算
請(qǐng)參考
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