[CFA level 1模拟真题]Version 2 Questions－Q44 style, face

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Q44.

2001                      2006

Sale                               $149.7 million                $220.0 million

Return on assets(ROA)                 10%                       12%

Net profit margin (NPM)                 6%                        7%

Number shares outstanding             5 million                    6 million

Rodriguez expects sales in 200'7 to grow at the historical compound annual growth of sales from the year 2.001 to 2006. For the year.2007, the net profit margin and the number of shared outstanding are expected to remain unchanged from the year 2006. 'Me company's earnings per share PS), for the year 2007, would be closest to:

A. $ 2.74

B. $ 2.77

C. $ 4.69

D. $4.75

答案和详解如下：

Q44.  B    Study Session 14-62.b

Describe and estimate the expected earnings per share (EPS) and earnings multiplier for a company

Compounded annual Sale Growth … g%	2007 Sale = 2006 Sale ×(1+g)	2007EPS=2007Sales×NPM/# of Shares
FV=220V=-149.7 N=5;I/Y=? g+8%	$220(1.08)=$237.60million	$237.60×0.07/6=$2.27

vivian1022

b

irismay

Thanks

jungle1009

see

technet

b

ondesert

kk

47dx

b

ella_li

b

一只船

Q

xiaomufeng

b