一个关于NET INCOME 和 CFO 的题目 net, 的, reported, company, ffffff

Juice

胡老师,

您好,下面是一个关于财务分析的题目,答案有些困惑,请帮助解答.谢谢.

Assume us GAAP,a company reported net income of 130million,CFO of 100 million,the most

likely explanation for net income larger than CFO is that the company:

A realized a loss on long -term investment sold during the year.

Bpurchase new property  at the beginning of the year

C reduced its purchasing and inventory levels because of lower demand for its products

D trade discounts, lowering the balance in account payable during the year.

题目的标准答案是D,理由是an increase in net working capital investment because of the lower balance in

account payable would reduce CFO relative to net income.

我自己认为C也有同样的效果,因为在存货水平不段下降的时候,COST OF SOLD 下降,NET INCOME 上升

要付的COST的应付款也少了,CFO也低了,(不知是否理解正确)

[em09]

胡老师

C是不对的，存货水平下降，COST OF SOLD 下降为什么下降？ 存货水平下降，不一定会影响到净利润，但是会影响到现金流量，存货是资产，资产减少，现金流量增加，所以和题目中所说的正好相反了。

Juice

谢谢胡老师的解答.已经明白了, : )