對現金流量報表相關目標的量化分析外文翻譯(編輯修改稿)

　

【文章內容簡介】 le 3, we can conclude that cash flow of the enterprise continuously increases. Cash flow in 1998 was percent more than that in 1995， among which the increase of cash ine of operation activities was faster than that of general cash ine and was percent. Cash ine of investment activities increases doubly and up to percent, which shows the previous investment gradually expires and then cash ine of investment activities increases。 but cash ine of raising funds activities doesn39。t increase, on the contrary, percent less than that in 1995, which shows the dependence on raising funds gradually reduces. Cash expenditure also gradually increases and cash expenditure in 1998 was percent more than that in 1995, among which cash expenditure of investment activities increased by percent, which is slower than the general cash flow. Cash expenditure of investment activities increased by percent, which shows cash expenditure of investment activities in 1998 was double that in 1995 and the enterprise strengthens investment. Cash expenditure of raising funds activities has increased by percent, which shows a huge amount of loans still don39。t expire or the enterprise does not issue dividends (or distribute interests) to investors. Table 3 Comparison of constant relative index _______________________________________________________________________________ Cash flow 1995 1996 1997 1998 (percent) (percent) (percent) (percent) Cash ine 100 Among: cash ine of operation 100 Cash ine of Investment 100 Cash ine of raising funds 100 Cash expenditure including: 100 Cash expenditure of Operation 100 Cash expenditure of Investment 100 Cash expenditure of raising funds 100 _______________________________________________________________________________ Table 4 Comparison of linkrelative quota _______________________________________________________________________________ Cash flow 1995 1996 1997 1998 (percent) (percent) (percent) (percent) Cash ine 100 Cash ine of Operation 100 Cash ine of Vestment 100 Cash ine of raising funds 100 Cash expenditure 100 Cash expenditure of operation 100 Cash expenditure of Investment 100 cash expenditure of raising funds 100 From Table 4, we can conclude not only cash ine of enterprise increases continuously, but also its increase speed increases progressively. The increase speed of cash ine of operation activities and investment activities basically reduce progressively, but cash ine of raising funds activities shows a negative increase. Cash expenditure of enterprise also increases progressively, whose speed is basically smooth and steady. Cash expenditure of operation activities reduces progressively, the increase speed of cash expenditure of investment activities in 1997 was higher than that in 1996. But that in 1998 was lower than that in 1997. Cash expenditure of raising funds activities in 1997 cut down faster than in 1996, but that in 1998 rose again after a fall. 4 Trend Forecast Analysis The socalled trend forecast analysis means to use regression analysis method, exponential smooth method and so on to analyze and forecast the statement of financial data, analyze its development trend, and this possible development result on this basis. Trend Analysis also includes trend forecast analysis usually with trend linear equation equation is: y=a+bx Where a and b are constant, and x is the period coefficient value which is decided by distribution and made ∑x=0 .For ∑ x=0， the distribution value makes little difference whether the number of the period is odd or even. When the number of the period is odd, x may be decided as follows: _______________________________________________________________________________ 1990 1991 1992 1993 1994 x= 2 1 0 1 2 When the number of the period is even, x may be decided as follow: _______________________________________________________________________________ 79 80 81 82 83 84 85 86 87 88 x= 10 9 8 7 6 5 4 3 2 1 _______________________________________________________________________________ 89 90 91 92 93 94 95 96 97 98 x= +1 +2 +3 +4 +5 +6 +7 +8 +9 +10 The constants a and b may be decided by following formula: 2n xyb nx? ?? ya n?? The data are obtained from accountant statements from 1979 to 1998 of the telemunication bureau (accountant statements from 1979 to 1994 omitted). Cash ine of operation activities of a telemunication bureau: Unit: Thousands of dollars Cash flow 1979