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标题: 2008 CFA Level 1 - Sample 样题(1)-Q43 [打印本页]

作者: 8586    时间: 2008-5-19 14:14     标题: 2008 CFA Level 1 - Sample 样题(1)-Q43

43Emanuel Rodriguez, CFO of Monterrey Spikes Sports Goods Inc., has gathered the following information about the company:

 

2000

2007

Sales

$128.4 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 2008 to grow at the historical compound annual growth of sales from the year 2000 to 2007. For the year 2008, the net profit margin and the number of shares outstanding are expected to remain unchanged from the year 2007. The company's earnings per share (EPS), for the year 2008, is closest to:

A. $2.74.

B. $2.77.

C. $4.69.

D. $4.75.

[此贴子已经被作者于2008-11-7 15:31:42编辑过]


作者: 8586    时间: 2008-5-19 14:15     标题: 答案和详解回复可见:

Correct answer = B

"Company Analysis and Stock Valuation," Frank K. Reilly and Keith C. Brown
2008 Modular Level I, Vol. 5, pp. 152-158
Study Session 14-59-b
describe and estimate the expected earnings per share (EPS) and earnings multiplier for a company and use the multiple to make an investment decision regarding the company.

Compounded Annual
Sales Growth --- g%

2008 Sales =
2007 Sales × (1 + g)

2008 EPS =
2008 Sales × NPM / # of Shares

FV = 220; PV = -128.4
N = 7; I / Y = ? g = 8%

$220(1.08) =
$237.60 million

$237.60 × 0.07 / 6 = $2.7


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作者: Riverview    时间: 2008-5-30 08:06

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作者: 刀剑如梦    时间: 2008-5-31 13:29

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作者: zhangxie83    时间: 2008-6-1 02:22

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作者: isaisaisa    时间: 2008-6-2 20:44

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作者: AtTRV2008    时间: 2008-10-2 23:48

Thanks!
作者: craby    时间: 2008-10-3 06:09

2.77?
作者: elea0930    时间: 2008-10-3 23:56

b
作者: myguitar33    时间: 2008-10-20 12:47

good
作者: investor06    时间: 2008-10-20 20:30


作者: maxsimax    时间: 2008-10-21 23:33

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作者: 0669    时间: 2008-10-23 17:32

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作者: fanfengff    时间: 2008-11-12 15:08

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作者: slkly    时间: 2008-11-14 10:16

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作者: aleko953    时间: 2008-11-23 19:12

1
作者: tmchan1234    时间: 2008-11-30 22:35

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作者: cuckoozj    时间: 2008-12-1 06:54     标题: 回复:(8586)2008 CFA Level 1 - Sample 样题(1)-...

x
作者: ring365    时间: 2008-12-2 22:49

3XH

 

[em01][em02][em03]
作者: jzhang21    时间: 2008-12-3 08:06

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作者: percy    时间: 2009-5-8 17:20

B

作者: CFAcanada    时间: 2010-2-7 08:09

 tx
作者: lb29    时间: 2010-5-20 01:56

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作者: xxjj564    时间: 2011-2-18 19:16

 a




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