"Financial Report":Scenario analysis
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Questions 1:
A company’s most recent balance sheet shows the following values (NZ$ thousands):
The company’s debt-to-capital ratio is closest to:
A 、0.77.
B、 1.86.
C 、0.65.
Questions 2:
An analysis used to forecast earnings that shows the changes in key financial quantities that result from alternative sets of economic events best describes which of the following techniques?
A 、Sensitivity analysis
B、 Simulation
C、 Scenario analysis
C is correct. The debt-to-capital ratio is
where total debt includes only interest-bearing debt.
A is incorrect. It includes current liabilities and other long-term liabilities as a part of total debt: [(3,800 + 5,590 + 800)/(3,800 + 5,590 + 800 + 1,200 + 1,810)] = 0.7719.
B is incorrect. It calculates long-term debt to equity: [5,590/(1,200 + 1,810)] = 1.86.
C is correct. Scenario analysis shows the changes in key financial quantities that result from given economic events, such as the loss of customers or a catastrophic event.
A is incorrect. Sensitivity analysis, also known as “what if” analysis, shows the range of possible outcomes as specific assumptions are changed.
B is incorrect. Simulation is a computer-generated sensitivity or scenario analysis based on probability models for the factors that drive outcomes.
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