[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-sec_sr_finance-115-1-031":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-115-1-031","115-2",28,"乙公司的借款利率為 7.5%，總資產報酬率為 6.5%，所得稅率為 20%。若乙公司以此條件舉債投資新計畫，將使得權益報酬率如何變動？",[13,14,15,16],"降低","增加","不變","不一定",1,"長期償債能力與財務結構分析",2,"判斷舉債是否有利於股東,關鍵在比較總資產報酬率與「稅後」負債成本,因為利息費用可抵稅。借款利率7.5%表面上高於總資產報酬率6.5%,但稅盾使實際負擔降為7.5%×(1−20%)＝6%,反而低於6.5%。舉債投資賺得6.5%高於稅後利息6%,差額0.5%歸股東,屬有利財務槓桿,權益報酬率因而提高,故(B)增加。(A)降低是只比稅前利率7.5%＞6.5%、或把本已屬稅後之總資產報酬率再乘(1−20%)得5.2%與6%相比的常見誤判——因總資產報酬率本身即為稅後指標,不應重複課稅。(C)(D)在現有數據已足以判定方向下並不成立。本題答案為(B)。","hard",[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-114-3-014","下列何者並非發行公司債取得資金的優點？",14,{"id":36,"question":37,"qno":38},"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":40,"question":41,"qno":42},"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":44,"question":45,"qno":46},"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？",32,1787293960591]