| 计划A | B计划 | |
|---|---|---|
| Common stock | 卢比 2000000 | Rs.500000 |
| 优先股 | 150000 卢比 | Rs.90000 |
| 长期债务 | 250000 卢比 | 800 万卢比 |
使用 EBIT-EPS 方法，计算 EBIT。
解决方案如下 -
(EBIT – In(a)) (1-T) – Pd(a)/ OSa = (EBIT – In(b)) (1-T) – Pd(b)) / OSb
LHS
EBIT = 息税前利润，
In(a) = 250000 * 9% = 22500
T = 28%
Pd(a) = 150000 * 12% = 18000
OSa = 2000000/10 = 200000
右图
EBIT = 息税前利润，
In(b) = 8000000 * 9% = 720000
T = 28%
Pd(b) = 90000 * 12% = 10800
OSb = 500000/10 = 50000
(EBIT – In(a)) (1-T) – Pd(a) / OSa = (EBIT – In(b)) (1-T) – Pd(b)) / OSb
(EBIT – 22500)(1-0.28) – 18000 / 200000 = (EBIT – 720000) (1-0.28) – 10800 /50000
(EBIT – 22500)*0.72 -18000 = 4{(EBIT -720000)*0.72 – 10800}
0.72EBIT – 34200 = 2.88EBIT – 518400
2.16EBIT = 484200
EBIT = 224166.67/-