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财务报表分析作业答案.doc

财务报表分析作业答案.doc

上传者: 你抹杀了my高傲 2017-10-15 评分 0 0 0 0 0 0 暂无简介 简介 举报

简介:本文档为《财务报表分析作业答案doc》,可适用于综合领域,主题内容包含财务报表分析作业答案财务报表分析作业二(::)转载标签:教育题目:资产运用效率分析答题要求:(从提供的资料中选择一个公司并以选定公司的资料为基础进行符等。

财务报表分析作业答案财务报表分析作业二(::)转载标签:教育题目:资产运用效率分析答题要求:(从提供的资料中选择一个公司并以选定公司的资料为基础进行分析(除了题目提供的基础资料外学生必须自己从各种渠道搜集选定公司的其他相关资料(包括同行业资料)。(根据各次考核任务的要求选用恰当的分析方法进行必要的指标计算及分析说明并作出相应结论。(由于本课程的四次考核任务具有连贯性因此学生第一次选定题目资料所提供的某个公司后后面各次考核都必须针对同一公司进行分析。资产运用效率分析下面的表格应该配图表可粘贴不上来自己画吧通过分析宝钢各项资产的周转情况、规模变化、结构变化发现并改进企业经营过程中对各项资产的利用效率从而为提高企业盈利能力和核心竞争力打下良好的基础。(一)资产营运能力比率分析、总资产周转率(周转次数),资产周转额资产平均占用额年=年=年=资产周转期(周转天数),计算期天数周转次,计算期天数资产平均占用额资产周转额年==(天)年==(天)年==(天)daysofDrudge,illnessincreased,heChongsoonFattsaid:"itseemsthatI'mnotdeadtoJapansoldierstorturedtodeath,anditcertainlycannotgohomealive,evenwithsmallJapanfightandgetitover,ifyouhavetheopportunitytogetaway"WhenshippingviaShunTangQiao,whenriverwaterneeds,siazhenhardtopulltheboatoars,andurgentstepsontheship'srail,asmallwoodenboatoverturnedonthespot,theshipupsidedown,shiparmsintotheriverbottom,broughttheshipJapanfailedtocomeoutofthewater,andsiazhenwerealsosacrificedZhangShuninthelittleboat,panic,jumpingontheRiverBankandescaped()ChenJinhai,WuAdafishingJapanesesoldierremai"WhenshippingviaShunTangQiao,whenriverwaterneeds,siazhenhardtopulltheboatoars,andurgentstepsontheship'srail,asmallwoodenboatoverturnedonthespot,theshipupsidedown,shiparmsintotheriverbottom,broughttheshipJapanfailedtocomeoutofthewater,andsiazhenwerealsosacrificedZhangShuninthelittleboat,panic,jumpingontheRiverBankandescaped()ChenJinhai,WuAdafishingJapanesesoldierremainsonedayinApril,activeinWuzhen,antiJapaneseforcesofZhuXiXinCheng,YanTomb,TaoYuanminYiShenZhuangYangsideofthevillage,thisencounterwithagroupofJapanesesoldiers,engagedinafiercegunbattlesoldiersheroicallybattleZhuXiforces,remainsfellintotheShenZhuangYangZhuXitroopsinpursuitoftheJapanese,andnotimetosalvagethesoldiersremainsChenJinhai,WuAdapeopleuntilthelocalvillagersshotaway,totheYangside,Yangwasfoundintheremainsofsoldiers,thetwohurriedbackhometotakeoutthetoolsandhitthebodiesandflood,andmadeadealThenextday,ZhuXitroopstransportedsoldiersremainsChenJinhai,WuAdastoriesinitiativetosalvagetheremainsofsoldiersaffectedbytheantiJapaneseforcesandlocalpeopleofpraise()ShenYuezhenshippedgunstheendof,onadarknight,rainfalling,sleepytownstreets,thereareseveralshadowsintoagoddessSoon,largelandownersofZhongShaomeibackdoorafewtimes,thedooropened,sonofZhongShaomeiputtheminThatshadow应收帐款周转率应收帐款回收期(天)流动资产周转率流动资产周转期(天)固定资产周转率固定资产周转期(天)存货周转率存货销售期(天)(对金融企业无意义)总资产周转率总资产周转率期(天)武钢股份现金周转率=销售收入平均现金余额=,,,【(,,,,,,)】=现金周转天数=资产周转期指标比较表(表二):指标年数年年数年武数钢指标现金周转天数应收账款周转天数存货周转天数流动资产周转天数固定资产周转天数总资产周转天数宝钢与武钢年相比较由于应收账款和存货的周转期较长因此流动资产的周转天数也比较长。但固定资产周转期比武钢有较大缩短因此总资产周转天数也有一定程度的缩短。报表分析作业三(::)转载标签:daysofDrudge,illnessincreased,heChongsoonFattsaid:"itseemsthatI'mnotdeadtoJapansoldierstorturedtodeath,anditcertainlycannotgohomealive,evenwithsmallJapanfightandgetitover,ifyouhavetheopportunitytogetaway"WhenshippingviaShunTangQiao,whenriverwaterneeds,siazhenhardtopulltheboatoars,andurgentstepsontheship'srail,asmallwoodenboatoverturnedonthespot,theshipupsidedown,shiparmsintotheriverbottom,broughttheshipJapanfailedtocomeoutofthewater,andsiazhenwerealsosacrificedZhangShuninthelittleboat,panic,jumpingontheRiverBankandescaped()ChenJinhai,WuAdafishingJapanesesoldierremainsonedayinApril,activeinWuzhen,antiJapaneseforcesofZhuXiXinCheng,YanTomb,TaoYuanminYiShenZhuangYangsideofthevillage,thisencounterwithagroupofJapanesesoldiers,engagedinafiercegunbattlesoldiersheroicallybattleZhuXiforces,remainsfellintotheShenZhuangYangZhuXitroopsinpursuitoftheJapanese,andnotimetosalvagethesoldiersremainsChenJinhai,WuAdapeopleuntilthelocalvillagersshotaway,totheYangside,Yangwasfoundintheremainsofsoldiers,thetwohurriedbackhometotakeoutthetoolsandhitthebodiesandflood,andmadeadealThenextday,ZhuXitroopstransportedsoldiersremainsChenJinhai,WuAdastoriesinitiativetosalvagetheremainsofsoldiersaffectedbytheantiJapaneseforcesandlocalpeopleofpraise()ShenYuezhenshippedgunstheendof,onadarknight,rainfalling,sleepytownstreets,thereareseveralshadowsintoagoddessSoon,largelandownersofZhongShaomeibackdoorafewtimes,thedooropened,sonofZhongShaomeiputtheminThatshadow教育获利能力分析(图自己画)获利能力是各方面关心的核心也是企业成败的关键只有长期盈利企业才能真正做到持续经营。因此无论是投资者还是债权人都对反映企业盈利能力的比率非常重视。宝钢年年利润表比较如下:会计年度一、营业收入,,,,,,,,,减:营业成本,,,,,,,,,营业税金及附加,,,,,,,销售费用,,,,,,,,,管理费用,,,,,,,,,财务费用,,,,,,,,,资产减值损失,,,,加:公允价值变动净,,,,收益投资收益,,,,,,,其中:对联营企业和,,,,合营企业的投资收益二、营业利润,,,,,,,,,加:补贴收入,,营业外收入,,,,,,减:营业外支出,,,,,,其中:非流动资产处,,,,置净损失三、利润总额,,,,,,,,,从利润表中可以看出,宝钢年至年有利润总额一直在增长,但升幅小于营业收入的增长幅度,这点主要是由于营业成本的增加较大造成的。宝钢获得能力分析指标(表一)年年年销售毛利额,,,,,,,,,销售毛利率主营业务利润率净资产收益率总资产收益率长期资本收益率daysofDrudge,illnessincreased,heChongsoonFattsaid:"itseemsthatI'mnotdeadtoJapansoldierstorturedtodeath,anditcertainlycannotgohomealive,evenwithsmallJapanfightandgetitover,ifyouhavetheopportunitytogetaway"WhenshippingviaShunTangQiao,whenriverwaterneeds,siazhenhardtopulltheboatoars,andurgentstepsontheship'srail,asmallwoodenboatoverturnedonthespot,theshipupsidedown,shiparmsintotheriverbottom,broughttheshipJapanfailedtocomeoutofthewater,andsiazhenwerealsosacrificedZhangShuninthelittleboat,panic,jumpingontheRiverBankandescaped()ChenJinhai,WuAdafishingJapanesesoldierremainsonedayinApril,activeinWuzhen,antiJapaneseforcesofZhuXiXinCheng,YanTomb,TaoYuanminYiShenZhuangYangsideofthevillage,thisencounterwithagroupofJapanesesoldiers,engagedinafiercegunbattlesoldiersheroicallybattleZhuXiforces,remainsfellintotheShenZhuangYangZhuXitroopsinpursuitoftheJapanese,andnotimetosalvagethesoldiersremainsChenJinhai,WuAdapeopleuntilthelocalvillagersshotaway,totheYangside,Yangwasfoundintheremainsofsoldiers,thetwohurriedbackhometotakeoutthetoolsandhitthebodiesandflood,andmadeadealThenextday,ZhuXitroopstransportedsoldiersremainsChenJinhai,WuAdastoriesinitiativetosalvagetheremainsofsoldiersaffectedbytheantiJapaneseforcesandlocalpeopleofpraise()ShenYuezhenshippedgunstheendof,onadarknight,rainfalling,sleepytownstreets,thereareseveralshadowsintoagoddessSoon,largelandownersofZhongShaomeibackdoorafewtimes,thedooropened,sonofZhongShaomeiputtheminThatshadow上述指标中毛利率、营业利润率分别说明企业生产(或销售)过程、经营活动和企业整体的盈利能力越高则获利能力越强。从表一中可以发现企业的毛利额在逐年增加但销售毛利率及主营业务利润率在逐年降低这与利润表中表现出来的现象一致说明企业要想提高利润就要注意成本管理。年与年相比营业收入增加了营业成本、营业税金及附加分别增加了,。这些都是造成利润率下降的原因。总资产收益率指标集中体现了资产运用效率和资金利用效果之间的关系一定情况下利润的波动必然引起总资产收益率的高低。一个企业的资产收益率越高表明其资产管理的效益越好财务管理水平越高获利能力也超强。宝钢资产收益率各年减少可能是由于资产减值损失增加大于利润的增加使资产收益降低。长期资本收益率的变化不是很大基本控制在一定的水平说明企业长期资本和长期负债保持的比较好。宝钢与同行业(武钢)获得能力分析指标比较(表二)年指标武钢宝钢与武钢差异值与武钢差异率销售毛利率主营业务利润率净资产收益率总资产收益率长期资本收益率销售毛利额,,,,,,daysofDrudge,illnessincreased,heChongsoonFattsaid:"itseemsthatI'mnotdeadtoJapansoldierstorturedtodeath,anditcertainlycannotgohomealive,evenwithsmallJapanfightandgetitover,ifyouhavetheopportunitytogetaway"WhenshippingviaShunTangQiao,whenriverwaterneeds,siazhenhardtopulltheboatoars,andurgentstepsontheship'srail,asmallwoodenboatoverturnedonthespot,theshipupsidedown,shiparmsintotheriverbottom,broughttheshipJapanfailedtocomeoutofthewater,andsiazhenwerealsosacrificedZhangShuninthelittleboat,panic,jumpingontheRiverBankandescaped()ChenJinhai,WuAdafishingJapanesesoldierremainsonedayinApril,activeinWuzhen,antiJapaneseforcesofZhuXiXinCheng,YanTomb,TaoYuanminYiShenZhuangYangsideofthevillage,thisencounterwithagroupofJapanesesoldiers,engagedinafiercegunbattlesoldiersheroicallybattleZhuXiforces,remainsfellintotheShenZhuangYangZhuXitroopsinpursuitoftheJapanese,andnotimetosalvagethesoldiersremainsChenJinhai,WuAdapeopleuntilthelocalvillagersshotaway,totheYangside,Yangwasfoundintheremainsofsoldiers,thetwohurriedbackhometotakeoutthetoolsandhitthebodiesandflood,andmadeadealThenextday,ZhuXitroopstransportedsoldiersremainsChenJinhai,WuAdastoriesinitiativetosalvagetheremainsofsoldiersaffectedbytheantiJapaneseforcesandlocalpeopleofpraise()ShenYuezhenshippedgunstheendof,onadarknight,rainfalling,sleepytownstreets,thereareseveralshadowsintoagoddessSoon,largelandownersofZhongShaomeibackdoorafewtimes,thedooropened,sonofZhongShaomeiputtheminThatshadow宝钢与同行业(武钢)相比虽然销售毛利额比其高但其它比率均比武钢低。主要原因是宝钢公司的主营业务成本率过高所致其它各因素虽有差异但差异较小影响不大。由此也可看出企业进行获利能力分析不能只看金额要全方面比较特别是比率的比较。财务报表分析作业四(::)转载标签:杂谈年度净资产收益率销售净利率总资产周转率权益乘数第一分解净资产收益率净资产收益率=销售净利率总资产周转率权益乘数公司净资产收益率从年的降低到年的主要是由于总资产周转率和权益乘数大幅下降引起的。年又因为销售净利润率下降个百分点虽然权益乘数上升了但净资产收益率还是下降点。第二分解总资产周转率总资产周转率=销售收入总资产从年到年总资产周转率降低的主要原因是销售收入增加的幅度低于了总资产增加的幅度。年到年总资产周转率相对持平,说明销售收入增加的幅度与总资产增加的幅度同比。第三(分解销售净利率销售净利率,净利润销售收入由利润表可知宝钢、、年净利润分别为,,,、,,,、,,,年净利润比上年有所增加主要daysofDrudge,illnessincreased,heChongsoonFattsaid:"itseemsthatI'mnotdeadtoJapansoldierstorturedtodeath,anditcertainlycannotgohomealive,evenwithsmallJapanfightandgetitover,ifyouhavetheopportunitytogetaway"WhenshippingviaShunTangQiao,whenriverwaterneeds,siazhenhardtopulltheboatoars,andurgentstepsontheship'srail,asmallwoodenboatoverturnedonthespot,theshipupsidedown,shiparmsintotheriverbottom,broughttheshipJapanfailedtocomeoutofthewater,andsiazhenwerealsosacrificedZhangShuninthelittleboat,panic,jumpingontheRiverBankandescaped()ChenJinhai,WuAdafishingJapanesesoldierremainsonedayinApril,activeinWuzhen,antiJapaneseforcesofZhuXiXinCheng,YanTomb,TaoYuanminYiShenZhuangYangsideofthevillage,thisencounterwithagroupofJapanesesoldiers,engagedinafiercegunbattlesoldiersheroicallybattleZhuXiforces,remainsfellintotheShenZhuangYangZhuXitroopsinpursuitoftheJapanese,andnotimetosalvagethesoldiersremainsChenJinhai,WuAdapeopleuntilthelocalvillagersshotaway,totheYangside,Yangwasfoundintheremainsofsoldiers,thetwohurriedbackhometotakeoutthetoolsandhitthebodiesandflood,andmadeadealThenextday,ZhuXitroopstransportedsoldiersremainsChenJinhai,WuAdastoriesinitiativetosalvagetheremainsofsoldiersaffectedbytheantiJapaneseforcesandlocalpeopleofpraise()ShenYuezhenshippedgunstheendof,onadarknight,rainfalling,sleepytownstreets,thereareseveralshadowsintoagoddessSoon,largelandownersofZhongShaomeibackdoorafewtimes,thedooropened,sonofZhongShaomeiputtheminThatshadow原因是销售收入增长快与全部成本的增长全部成本中销售费用、管理费用增加过快。年销售收入增加但净利润却减少是因为各项成本费用的增加速度高于销售收入因此宝钢应该加强成本控制。年比年销售净利率提高了个百分点说明利润增加年比年降低了个百分点说明利润降低其实利润降低的原因不是收入少了而是成本费用提高大于收入的增加。第四分解权益乘数权益乘数=总资产(资产负债)年权益乘数有所下降主要原因是权益上升幅度快于资产上升幅度。年企业在加强了管理使权益乘数上升到了。最后要进行综合归纳:总之净资产收益率的下降主要是销售净利率的下降所致。年度武钢宝钢与武钢差异值与武钢差异率净资产收益率销售净利率总资产周转率权益乘数年宝钢与武钢净资产收益率相比较差了个百分点这主要原因是销售净利率相差较大权益乘数也相对较低虽然总资产周转率比武钢多个百分点,但由于上述原因净资产收益率还是相差近一倍。财务报表分析一(::)转载标签:杂谈一、公司简介:宝钢公司是由上海宝钢集团公司独家发起设立的股份有限公司。公司原拟先在海外发行H股,由于国际资本市场原因,公司先在国内发行A股。daysofDrudge,illnessincreased,heChongsoonFattsaid:"itseemsthatI'mnotdeadtoJapansoldierstorturedtodeath,anditcertainlycannotgohomealive,evenwithsmallJapanfightandgetitover,ifyouhavetheopportunitytogetaway"WhenshippingviaShunTangQiao,whenriverwaterneeds,siazhenhardtopulltheboatoars,andurgentstepsontheship'srail,asmallwoodenboatoverturnedonthespot,theshipupsidedown,shiparmsintotheriverbottom,broughttheshipJapanfailedtocomeoutofthewater,andsiazhenwerealsosacrificedZhangShuninthelittleboat,panic,jumpingontheRiverBankandescaped()ChenJinhai,WuAdafishingJapanesesoldierremainsonedayinApril,activeinWuzhen,antiJapaneseforcesofZhuXiXinCheng,YanTomb,TaoYuanminYiShenZhuangYangsideofthevillage,thisencounterwithagroupofJapanesesoldiers,engagedinafiercegunbattlesoldiersheroicallybattleZhuXiforces,remainsfellintotheShenZhuangYangZhuXitroopsinpursuitoftheJapanese,andnotimetosalvagethesoldiersremainsChenJinhai,WuAdapeopleuntilthelocalvillagersshotaway,totheYangside,Yangwasfoundintheremainsofsoldiers,thetwohurriedbackhometotakeoutthetoolsandhitthebodiesandflood,andmadeadealThenextday,ZhuXitroopstransportedsoldiersremainsChenJinhai,WuAdastoriesinitiativetosalvagetheremainsofsoldiersaffectedbytheantiJapaneseforcesandlocalpeopleofpraise()ShenYuezhenshippedgunstheendof,onadarknight,rainfalling,sleepytownstreets,thereareseveralshadowsintoagoddessSoon,largelandownersofZhongShaomeibackdoorafewtimes,thedooropened,sonofZhongShaomeiputtheminThatshadow经审核,截止年月日,集团公司投入公司的资产经评估后的总值约亿元,总负债亿元,净资产亿元。上述净资产按照的比例折为股本,共计亿股,股权性质界定为国家股。集团公司改制重组前,主要生产性资产包括原宝山钢铁(集团)公司主体一二期和三期工程,集团公司还拥有其他的下属子公司,包括吸收合并的原上钢、梅山及其下属企业和资产。根据《重组及投资协议》,集团公司把一、二期工程形成的大部分生产性资产、三期工程形成的部分生产性资产、以及一些生产辅助性资产投入了本公司,同时把集团公司的一些生产职能部门划入本公司,从而使本公司拥有包括原料工程、烧结、炼铁、炼钢和轧钢等工序在内的完整生产工艺流程,以及完整的科研、生产、采购和销售体系。重组后,本公司的主要生产性资产包括:原料工程、烧结、炼铁、石灰焙烧及一炼钢、初轧、高速线材、热轧生产线、冷轧生产线、无缝钢管生产线以及与生产配套的发电厂。除此之外,本公司还拥有下述辅助部门及其相关资产:运输部、能源部、设备部、物资采购处、设备采购处和技术部等。重组后,保留在集团公司的资产和企业有:生产普钢为主的下属子公司及其他非钢铁主业子公司,原上钢、梅山的下属企业及普钢生产线,三期工程尚未投产达标部分的生产性资产(不含炼铁前道工序部分)、炼焦生产线等。集团公司基本生产线中得一期、二期完整的基本生产线几乎全部进入了本公司,三期工程铁水以前的生产工序(含炼铁高炉在内的前半部分工序)也进入了本公司,一期、二期、三期工程的炼焦和三期工程的铁水以后工序保留在集团公司。除以上基本生产线外,一、二、三期建设的绝大部分辅助生产资产,包括电厂、能源部、运输部、设备部、物资采购处、设备采购处和技术部等部门,都进入了本公司。经中国证券监督管理委员会证监发行字〖〗号文核准,本公司已成功发行了每股面值元的人民币普通股,万股,其中向一般投资者上网定价发行,万股,向法人投资者配售,万股(其中战略投资者配售,万股,A类一般法人投资者配售,万股,B类一般法人投资者配售,万股),每股发行价人民币元。经上海证券交易所上证上〖〗第号《上市确认书》同意,本公司,万股人民币普通股将于年月日起在上海证券交易所挂牌交易。本公司总股本,,万股,可流通股本,万股。主要发起人:上海宝钢集团公司的前身为宝山钢铁(集团)公司。宝山钢铁(集团)公司由上海宝山钢铁总厂于年更名而来,其主体生产资产于年月动工兴建。第一期工程于年月建成投产,第二期工程于年月建成投产,形成年产万吨粗钢的能力第三期工程自年底开始陆续投产,将于年底全部建成,预计年将全面投产。三期工程全部投产后,集团公司将形成年产粗钢,万吨的生产规模。年月日,经国务院批准,宝山钢铁(集团)公司吸收合并上海冶金控股(集团)公司(以下简称上钢)和daysofDrudge,illnessincreased,heChongsoonFattsaid:"itseemsthatI'mnotdeadtoJapansoldierstorturedtodeath,anditcertainlycannotgohomealive,evenwithsmallJapanfightandgetitover,ifyouhavetheopportunitytogetaway"WhenshippingviaShunTangQiao,whenriverwaterneeds,siazhenhardtopulltheboatoars,andurgentstepsontheship'srail,asmallwoodenboatoverturnedonthespot,theshipupsidedown,shiparmsintotheriverbottom,broughttheshipJapanfailedtocomeoutofthewater,andsiazhenwerealsosacrificedZhangShuninthelittleboat,panic,jumpingontheRiverBankandescaped()ChenJinhai,WuAdafishingJapanesesoldierremainsonedayinApril,activeinWuzhen,antiJapaneseforcesofZhuXiXinCheng,YanTomb,TaoYuanminYiShenZhuangYangsideofthevillage,thisencounterwithagroupofJapanesesoldiers,engagedinafiercegunbattlesoldiersheroicallybattleZhuXiforces,remainsfellintotheShenZhuangYangZhuXitroopsinpursuitoftheJapanese,andnotimetosalvagethesoldiersremainsChenJinhai,WuAdapeopleuntilthelocalvillagersshotaway,totheYangside,Yangwasfoundintheremainsofsoldiers,thetwohurriedbackhometotakeoutthetoolsandhitthebodiesandflood,andmadeadealThenextday,ZhuXitroopstransportedsoldiersremainsChenJinhai,WuAdastoriesinitiativetosalvagetheremainsofsoldiersaffectedbytheantiJapaneseforcesandlocalpeopleofpraise()ShenYuezhenshippedgunstheendof,onadarknight,rainfalling,sleepytownstreets,thereareseveralshadowsintoagoddessSoon,largelandownersofZhongShaomeibackdoorafewtimes,thedooropened,sonofZhongShaomeiputtheminThatshadow上海梅山(集团)有限公司(以下简称梅山),并更名为上海宝钢集团公司。集团公司是国家授权投资机构和国家控股公司,主营钢铁产品、冶金矿产,兼营煤炭、化工、电力、码头、仓储、运输等与钢铁相关的业务,及技术开发、技术转让、技术服务和技术管理咨询业务。集团公司是中国现代化程度最高的大型钢铁联合企业和最大的钢铁企业。其核心技术装备建立在当代钢铁冶炼、冷热加工、液压传感、电子控制、计算机和信息通讯等先进技术的基础上,具有大型化、连续化、自动化的特点,总体装备技术达到世界一流水平。宝钢公司主营钢铁冶炼、加工,电力、煤炭、工业气体生产、码头、仓储、运输等与钢铁相关的业务,技术开发、技术转让、技术服务和技术管理咨询服务汽车修理经营本企业自产产品及技术的出口业务,经营本企业生产、科研所需的原辅材料、仪器仪表、机械设备、零配件及技术的进口业务(国家限定公司经营和国家禁止进出口的商品及技术除外)经营进料加工和“三来一补”业务。截止至年月日在钢铁行业上市的家公司中宝钢公司实现主营业务收入亿元排名第一每股收益元排名第六净利润万元排名第一净资产亿元排名第一。公司是我国钢铁行业的龙头企业在全球钢铁行业企业排名居第位国内钢铁霸主地位无可动摇。宝钢股份属于钢铁行业,该行业上市公司中已有家公布年报。注册会计师对宝钢股份公司年报出具了标准无保留意见的审计报告。据年报分析公司利润来源稳定性削弱赚取现金能力削弱需特别关注。二、宝钢股份短期偿债能力分析:表一、年同行业项目年年年(首钢)流动比率应收账款周转率存货周转率速动比率现金比率daysofDrudge,illnessincreased,heChongsoonFattsaid:"itseemsthatI'mnotdeadtoJapansoldierstorturedtodeath,anditcertainlycannotgohomealive,evenwithsmallJapanfightandgetitover,ifyouhavetheopportunitytogetaway"WhenshippingviaShunTangQiao,whenriverwaterneeds,siazhenhardtopulltheboatoars,andurgentstepsontheship'srail,asmallwoodenboatoverturnedonthespot,theshipupsidedown,shiparmsintotheriverbottom,broughttheshipJapanfailedtocomeoutofthewater,andsiazhenwerealsosacrificedZhangShuninthelittleboat,panic,jumpingontheRiverBankandescaped()ChenJinhai,WuAdafishingJapanesesoldierremainsonedayinApril,activeinWuzhen,antiJapaneseforcesofZhuXiXinCheng,YanTomb,TaoYuanminYiShenZhuangYangsideofthevillage,thisencounterwithagroupofJapanesesoldiers,engagedinafiercegunbattlesoldiersheroicallybattleZhuXiforces,remainsfellintotheShenZhuangYangZhuXitroopsinpursuitoftheJapanese,andnotimetosalvagethesoldiersremainsChenJinhai,WuAdapeopleuntilthelocalvillagersshotaway,totheYangside,Yangwasfoundintheremainsofsoldiers,thetwohurriedbackhometotakeoutthetoolsandhitthebodiesandflood,andmadeadealThenextday,ZhuXitroopstransportedsoldiersremainsChenJinhai,WuAdastoriesinitiativetosalvagetheremainsofsoldiersaffectedbytheantiJapaneseforcesandlocalpeopleofpraise()ShenYuezhenshippedgunstheendof,onadarknight,rainfalling,sleepytownstreets,thereareseveralshadowsintoagoddessSoon,largelandownersofZhongShaomeibackdoorafewtimes,thedooropened,sonofZhongShaomeiputtheminThatshadow()流动比率分析从表可以看出该企业年流动比率实际值低于和年实际值说明该企业的短期偿债能力下降了且明显低于行业平均水平。通过资产负债表可以看出本期流动比率下降的主要原因是本期速动资产周转速度下降。可能是企业资金周围出现了困难()应收账款和存货的流动性分析从表可以看出该企业应收账款周转率高于上年值存货周转比率上年有所提高。说明该企业流动负债存在问题。()进一步评价企业偿债能力要比较速度比率。宝钢本年速度比率低于上年实际值超过了通过表可以看出本年应收账款周转率高于去年存货周转比率也略高于去年。可见速动比率的降低是速动资产和流动负债存在问题。企业要想改变就要重点检查企业的资金周围情况及短期债务。()现金比率分析在分析了速度比率低的原因后应进一步计算现金比率。宝钢的本年现金比率比上年实际值稍有下降进一步说明该企业用现金偿还短期债务的能力有所降低。而且与同行业企业相比资金方面不容乐观。通过上述分析可以得出结论:宝钢主要问题出在流动负债及速动资产其下降速度过快是主要矛盾应重点进行深入分析。三、宝钢股份长期偿债能力分析:年同行业项目年年年(首钢)资产负债率产权比率有形净值债务率利息保障倍数、资产负债率:daysofDrudge,illnessincreased,heChongsoonFattsaid:"itseemsthatI'mnotdeadtoJapansoldierstorturedtodeath,anditcertainlycannotgohomealive,evenwithsmallJapanfightandgetitover,ifyouhavetheopportunitytogetaway"WhenshippingviaShunTangQiao,whenriverwaterneeds,siazhenhardtopulltheboatoars,andurgentstepsontheship'srail,asmallwoodenboatoverturnedonthespot,theshipupsidedown,shiparmsintotheriverbottom,broughttheshipJapanfailedtocomeoutofthewater,andsiazhenwerealsosacrificedZhangShuninthelittleboat,panic,jumpingontheRiverBankandescaped()ChenJinhai,WuAdafishingJapanesesoldierremainsonedayinApril,activeinWuzhen,antiJapaneseforcesofZhuXiXinCheng,YanTomb,TaoYuanminYiShenZhuangYangsideofthevillage,thisencounterwithagroupofJapanesesoldiers,engagedinafiercegunbattlesoldiersheroicallybattleZhuXiforces,remainsfellintotheShenZhuangYangZhuXitroopsinpursuitoftheJapanese,andnotimetosalvagethesoldiersremainsChenJinhai,WuAdapeopleuntilthelocalvillagersshotaway,totheYangside,Yangwasfoundintheremainsofsoldiers,thetwohurriedbackhometotakeoutthetoolsandhitthebodiesandflood,andmadeadealThenextday,ZhuXitroopstransportedsoldiersremainsChenJinhai,WuAdastoriesinitiativetosalvagetheremainsofsoldiersaffectedbytheantiJapaneseforcesandlocalpeopleofpraise()ShenYuezhenshippedgunstheendof,onadarknight,rainfalling,sleepytownstreets,thereareseveralshadowsintoagoddessSoon,largelandownersofZhongShaomeibackdoorafewtimes,thedooropened,sonofZhongShaomeiputtheminThatshadow与年行业平均值相比宝钢年的资产负债率均低于行业平均值资产负债率越低企业偿债能力越有保证贷款越安全而且它还代表企业的举债能力。从宝钢的资产负债率来看年比年高比年高说明其举债能力在下降这与负债的增加或资产的减少有关。、产权比率:产权比率表明每元股东权益借入的债务额影响特定情况下资产净利率和权益净利率之间的关系经是财务杠杆比率。宝钢年是,同行业企业首钢是,说明企业在利用财务杠杆。、有形净值债务率宝钢年的有形净值债务率均低于行业平均值保持了一个较低的有形净值债务率。这说明:企业的长期偿债能力较差债权人利益的受保障程度较高。、利用利润表分析长期偿债能力宝钢年至年的利息偿付倍数均说明企业具有偿还利息的能力。从理论上说只要利息偿付倍数大于企业就能偿还债务利息。该指标越高债权人利益的受保障程度越高。年报显示宝钢股份的财务状况总体上保持去年水平其中资产负债管理能力、现金能力、成长能力、偿债能力、盈利能力无明显改善。daysofDrudge,illnessincreased,heChongsoonFattsaid:"itseemsthatI'mnotdeadtoJapansoldierstorturedtodeath,anditcertainlycannotgohomealive,evenwithsmallJapanfightandgetitover,ifyouhavetheopportunitytogetaway"WhenshippingviaShunTangQiao,whenriverwaterneeds,siazhenhardtopulltheboatoars,andurgentstepsontheship'srail,asmallwoodenboatoverturnedonthespot,theshipupsidedown,shiparmsintotheriverbottom,broughttheshipJapanfailedtocomeoutofthewater,andsiazhenwerealsosacrificedZhangShuninthelittleboat,panic,jumpingontheRiverBankandescaped()ChenJinhai,WuAdafishingJapanesesoldierremainsonedayinApril,activeinWuzhen,antiJapaneseforcesofZhuXiXinCheng,YanTomb,TaoYuanminYiShenZhuangYangsideofthevillage,thisencounterwithagroupofJapanesesoldiers,engagedinafiercegunbattlesoldiersheroicallybattleZhuXiforces,remainsfellintotheShenZhuangYangZhuXitroopsinpursuitoftheJapanese,andnotimetosalvagethesoldiersremainsChenJinhai,WuAdapeopleuntilthelocalvillagersshotaway,totheYangside,Yangwasfoundintheremainsofsoldiers,thetwohurriedbackhometotakeoutthetoolsandhitthebodiesandflood,andmadeadealThenextday,ZhuXitroopstransportedsoldiersremainsChenJinhai,WuAdastoriesinitiativetosalvagetheremainsofsoldiersaffectedbytheantiJapaneseforcesandlocalpeopleofpraise()ShenYuezhenshippedgunstheendof,onadarknight,rainfalling,sleepytownstreets,thereareseveralshadowsintoagoddessSoon,largelandownersofZhongShaomeibackdoorafewtimes,thedooropened,sonofZhongShaomeiputtheminThatshado
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