问题
单项选择题
Study the following data, calculate the return on equity for 2001 and 2002.
A．
B．2001
C．2002
D．Pre-interest profit margin(EBIT/S)
E．0.3
F．0.15
F．Asset turnover (S/A)
F．2
F．2
F．Leverage multiplier f A/E)
F．2
F．2
F．Tax retention rate (1-t)
F．0.8
F．0.8
F．Interest expense ratio (I/A)
F．0.06
F．0.06
答案
参考答案：A
解析：ROE = [(S/A)(EBIT/S)-(I/A)] (A/EQ) (1-t) ROE 2001 = (2×0.3 -0.06)×2×0.8 =0.864 ROE 2002 = (2×0.15 -0.06)×2×0.8 =0.384 Profit margin fell so ROE fell.