问题 单项选择题

其他条件不变的情况下,资产负债率(列A)的公司将有(列B)的每股收益。正确的选项为()。
列A 列B

A.较高 较低

B.较高 较稳定

C.较低 较稳定

D.较低 较高

答案

参考答案:C

解析:

资产负债率低的公司每股收益更稳定,因为较低的固定利息费用有利于每股收益保持稳定。选项(a)不正确,因为在资产收益率大于利率的条件下,资产负债率越高,将会有越大的(而不是越小的)每股收益。选项(b)不正确,因为资产负债率越高,每股收益的波动越大,因为较高的固定利息费用会造成每股收益的更大波动。选项(d)不正确,因为在资产收益率大于利率的条件下,资产负债率越低,将会有越小的(而不是越大的)每股收益。

多项选择题
问答题

Law-and-order is the longest-running and probably the best-loved political issue in the U.S. history.

(46) Yet it is painfully apparent that millions of Americans who would never think of themselves as lawbreakers, let alone criminals, are taking increasing liberties with the legal codes that are designed to protect and nourish their society. Indeed, there are moments today when it seems as though the scofflaw represents the wave o the future. (47) Harvard Sociologist David Riesman suspects that a majority of Americans have blithely taken to committing supposedly minor derelictions as a matter of course. Already, Riesman says, the ethic of U.S. society is in danger of becoming this. "you’re a fool if you obey the rules. "

Nothing could be more obvious than the evidence supporting Riesman. Scofflaws abound in amazing variety. The graffiti-prone turn public surfaces into visual rubbish. Bicyclists often ride as though two-wheeled vehicles are exempt from all traffic laws. Litterbugs convert their communities into trash dumps. (48) Widespread flurries of ordinances have failed to clear public places of high-decibel portable radios, just as earlier laws failed to wipe out the beer-soaked hooliganism that plagues many parks. Tobacco addicts remain hopelessly blind to signs that say NO SMOKING. Respectably dressed pot smokers no longer bother to duck out of public sight to pass around a joint. The flagrant use of cocaine is a festering scandal in middle-and-upper-class life. And then there are (hello, Everybody!) the jaywalkers.

The dangers of scofflawry vary widely. (49) The person who illegally spits on the sidewalk remains disgusting, but clearly poses less risk to others than the company that illegally buries hazardous chemical waste in an unauthorized location. The farebeater on the subway presents less threat to life than the landlord who ignores fire safety statutes. The most immediately and measurably dangerous scofflawry, however, also happens to be the most visible. The culprit is the American driver, whose lawless activities today add up to a colossal public nuisance. (50) The hazards range from routine double parking that jams city streets to the drunk driving that kills some 25,000 people and injures at least 650,000 others yearly. Illegal speeding on open highways New surveys show that on some interstate highways 83% of all drivers are currently ignoring the federal 55 mph speed limit.

(46) Yet it is painfully apparent that millions of Americans who would never think of themselves as lawbreakers, let alone criminals, are taking increasing liberties with the legal codes that are designed to protect and nourish their society.