32.
Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
Two companies are identical except for substantially different dividend payout ratios. After several years, the company with the lower dividend payout ratio is most likely to have:
Select exactly 1 answers from the following:
A. a lower stock price.
B. a higher debt/equity ratio.
C. faster growth of earnings per share.
D. slower growth of earnings per share.
答案和详解如下！
Feedback: Correct answer: C
揂nalysis of Financial Statements,?Ch. 10, pp. 319?58 and Exhibits 10.1, 10.2, and 10.3, Investment Analysis and Portfolio Management, 7th edition, Frank K. Reilly and Keith C. Brown (Dryden, 2003), pp. 348?49 2006 Modular Level I, Vol. II, pp. 674-677 Study Session 8-35-b calculate, interpret, and discuss the uses of measures of a company抯 internal liquidity, operating performance (i.e., operating efficiency (activity) and operating profitability), risk profile, and growth potential
Growth is a function of the firm抯 earnings retention rate and the firm抯 return on equity. All else equal, the firm with the higher retention rate (lower dividend payout rate) will experience higher growth in earnings per share.
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发表于 2006-11-21 11:55
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