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Sách Tài Chính Doanh Nghiệp C3

The document is a textbook on corporate finance. It covers various topics related to financial analysis and management of companies such as calculating financial ratios, profitability analysis, debt management, valuation techniques, cost of capital, capital budgeting. Examples and formulas are provided to illustrate concepts. The textbook appears to be intended for university students studying business, economics or finance.

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Ngọc Hân Ngô
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79 views50 pages

Sách Tài Chính Doanh Nghiệp C3

The document is a textbook on corporate finance. It covers various topics related to financial analysis and management of companies such as calculating financial ratios, profitability analysis, debt management, valuation techniques, cost of capital, capital budgeting. Examples and formulas are provided to illustrate concepts. The textbook appears to be intended for university students studying business, economics or finance.

Uploaded by

Ngọc Hân Ngô
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

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Sách Tài chính Doanh nghiệp C3

Tài chính doanh nghiệp (Trường Đại học Kinh tế Thành phố Hồ Chí Minh)

Studocu is not sponsored or endorsed by any college or university


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(84/642) * 19,1% =

(642/3.373) * 100 =

(2.731/3.373) * 100 =

(312/543) * 16 =

(543/3.373) * 100 =
(531/3.373) * 100 =

(1.799/2.299) * 68.1 =
(2.299/3.373) * 100 =

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Lợi nhuận ròng = Doanh thu - Chi phí

= Doanh thu - Chí phí (giá vốn,


khấu hao, chi phí bán hàng,...)

= EBIT + Khấu hao

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=> EBITDA = 691 + 276 = 967

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a. Nợ/VSH = 0,5 => VSH =


2/3 => nợ = 1/3
=> Bội số VSH = 1/2/3 = 1,5
=> ROE = 3% * 1,5 = 0,045
Tỷ lệ LN giữ lại = 1 - 40% =
60%
=> Tỷ lệ tăng trưởng ổn định
= (0,045 * 60%) / 1 - (0,045
* 60%) = 0,0277

b. 0,1 = ((x * 1,5) * 60%) / 1


- ((x * 1,5) * 60% => x =
0,101 = 10,1%
Phải tăng BLN từ 3% lên
10,1% => Bất khả thi

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