[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-sec_sr_finance-114-3-014":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"sec_sr_finance","證券商高級業務員資格測驗——證券投資與財務分析(試卷「財務分析」)","c5",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"sec_sr_finance-114-3-014","114-3",14,"下列何者並非發行公司債取得資金的優點？",[13,14,15,16],"享有稅盾利益","資金成本低於普通股及特別股","流動比率上升","財務槓桿比率下降",3,"長期償債能力與財務結構分析",1,"本題找發行公司債的「非優點」。發債的好處在於利息費用可抵稅而享有稅盾(A);債務資金成本通常低於普通股與特別股的股權成本(B);發債取得現金會使流動資產增加,短期內流動比率上升(C)。這些都是舉債籌資的優勢。但公司舉債會使負債占資本結構的比重提高,財務槓桿比率是「上升」而非下降,槓桿升高同時放大股東報酬與財務風險。(D)敘述與事實相反,並非優點,故為正解。理解關鍵:舉債墊高槓桿,不會降低槓桿。","medium",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"sec_sr_finance-114-3-012","負債比率、利息保障倍數、固定支出保障倍數等都是作為：",12,{"id":28,"question":29,"qno":30},"sec_sr_finance-114-3-013","山口公司 113 年相關資料如下：淨利$300,000、所得稅費用$150,000、利息費用$150,000、流動負債$250,000、長期負債$500,000、資產總額$1,500,000、不動產、廠房及設備$750,000、特別股股利$80,000，該公司之負債比率為若干？",13,{"id":32,"question":33,"qno":34},"sec_sr_finance-114-3-029","台北公司 X1 年之平均資產總額為$1,160,000、利息費用$25,000，另外，資產週轉率為 2、淨利率為 6%、所得稅率為 20%。試問該公司 X1 年之利息保障倍數為何？",29,{"id":36,"question":37,"qno":38},"sec_sr_finance-114-3-031","已知某公司的稅後淨利為$5,395,000，所得稅率為 17%，當期的利息費用$500,000 元，則其利息保障倍數為：",31,{"id":40,"question":41,"qno":42},"sec_sr_finance-114-3-032","某公司稅前純益為$200,000，第一優先債券利息費用為$30,000，第二優先債券利息費用$10,000，第三優先債券利息費用$20,000，則第二優先債券盈餘支付利息倍數為何？",32,{"id":44,"question":45,"qno":10},"sec_sr_finance-115-1-014","到期時償還應付帳款對利息保障倍數之影響為：",1787293959756]