soal 1 (A,B)

total aktiva= 1,600,000,000.00

modal saham= 1,200,000,000.00 perlembar=
utang= 400,000,000.00 bunga=
tambah modal= 400,000,000.00
pajak= 360,000,000.00
tambahan dana= 400,000,000.00
modal saham dikeluarkan= 10,000.00
obligasi= 16%

T= 360,000,000.00
S1= jumlah modal saham+menambah modal saham+modal 400jt/10000
(=) 40,000.00 10,000.00
(=) 50,000.00 lembar
S2= jumlah lembar saham menggunakan obligasi/menggunakan utang=
C= tambahan dana+obligasi bunga
(=) 400,000,000.00 16%

X(1-T) (=) (X-C)(1-T)

S1 S2
X(1-360jt)/50.000=(X-64.000.000)(1-360jt)/60.000.000
359.999.999 X 50,000.00 (=)
359.999.999 X 60,000,000.00 (=)
21,599.99
17.99 21,599.99 (=)
- 21,582.00 (=) 14,799,999,950,000.00
X= 14,799,999,950,000.00 - 21,582.00
X= - 685,756,646.74 EBIT nya

tambahan dengan tambahan dengan

jumlah modal sendiri 500,000,000.00 400,000,000.00

jumlah lembar saham 50,000.00 40,000.00
jumlah utang - 60,000,000.00
EBIT 685,756,646.74 685,756,646.74
bunga - 60,000,000.00
EBT 685,756,646.74 625,756,646.74
pajak 360jt 325,756,646.74 265,756,646.74
EAT 360,000,000.00 360,000,000.00
360jt/500jt 360jt/400jt
ROE
0.72 0.90
360jt/50.000 lbr 360j/40.000
EPS
72 lbr 90 lbr
 40,000.00 (=) 48,000,000,000,000.00
15% (=) 60,000,000.00

aham+modal 400jt/10000
400,000,000.00 10,000.00
400,000,000.00 10,000.00
asi/menggunakan utang= 60,000,000.00

(=) 64,000,000.00

359.999.999 X 295,999,999.00 60,000,000.00

359.999.999 X 295,999,999.00 50,000.00
17.99 14,799,999,950,000.00
14,799,999,950,000.00
soal 2 (A)

DOL= CM
EBIT
DOL mesin XX= 160,000.00 25,000.00 15,000.00
160,000.00 10,000.00 100,000,000.00
(=) 160,000.00 10,000.00
160,000.00 10,000.00 100,000,000.00
(=) 1,600,000,000.00
1,600,000,000.00 100,000,000.00
(=) 1,600,000,000.00 (=) 1.07
1,500,000,000.00

DOL mesin YY= 160,000.00 25,000.00 20,000.00

160,000.00 5,000.00 100,000,000.00
(=) 160,000.00 5,000.00
160,000.00 5,000.00 100,000,000.00
(=) 800,000,000.00
800,000,000.00 100,000,000.00
(=) 800,000,000.00 (=) 1.14
700,000,000.00

EBIT= Q(P-V)-F
EBIT mesin XX= 160,000.00 25,000.00 15,000.00
(=) 160,000.00 10,000.00
(=) 1,600,000,000.00

EBIT mesin YY= 160,000.00 25,000.00 20,000.00

(=) 160,000.00 5,000.00
(=) 800,000,000.00

EBIT keunaikan penjualan= 40%

EBIT mesin XX= 2,100,000,000.00
EBIT mesin YY= 560,000,000.00

soal 2 (B)

DFL= EBIT
EBIT-BUNGA
DFL mesin XX= 1,500,000,000.00
1,500,000,000.00 400,000,000.00
(=) 1,500,000,000.00 (=) 1.36
1,100,000,000.00

DFL mesin YY= 400,000,000.00

 400,000,000.00 200,000,000.00
(=) 400,000,000.00 (=) 2.00
200,000,000.00

EBIT kenaikan penjualan= 20%

EBIT mesin XX= 1.56
EBIT mesin YY= 2.20

soal 2 (C)

DCL= DOL x DFL

DCL mesin XX= 1.45
DCL mesin YY= 2.29

EBIT kenaikan penjualan= 30%

EBIT mesin XX= 1.75
EBIT mesin YY= 2.59
100,000,000.00
100,000,000.00
100,000,000.00 (=) 1,500,000,000.00

400,000,000.00
400,000,000.00
400,000,000.00 (=) 400,000,000.00