问两个课本上的题目 face, net, accounting, following, identify

saal

which of the following stock screens is most likely to identify stocks with high earnings growth rates?

A dividend payout ratio >30%
B price to cash flow per share ratio <12
C book value to market value ratio <25%
选C, 书上的解释没看懂，谁解释一下啊？

 

另外holding the accounting period open past year-end为啥立即增加earnings(就是net income)?啥叫holding the accounting period open past year-end啊？

 

谢谢了

pliao2005

hi,saal.

 

    I think it is perparation for aggressive revenue recognition. Here is the reference: As the end of an accounting period approaches, the firm negotiates sales with customers who either may not need the offered goods or may not have the ability to take delivery of the goods within that period. The goods may be temporarily held by an intermediary (parking), left in the seller's inventory (bill and hold), or shipped to the buyer (channel stuffing).

 

   if a manger wants to manipulate the earnings by aggressive revenue recognition, he must holding the accounting period open past year-end, because revenue is recognized and COGS is zero. The delivery goods are still in your invertory.