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  • 8 - LEVERAGE - Jawaban Kasus Layara - US INDEX

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    This document provides calculations to determine whether a company should maximize debt or equity in its capital structure. It calculates the company's Business Generic Profitability (BGP) ratio, which is 45.98%, and its US Index, which is 3.06. Since the US Index is greater than 1, the conclusion is that the company should maximize the amount of debt in its capital structure.

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    8 - LEVERAGE -Jawaban Kasus Layara - US INDEX

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    This document provides calculations to determine whether a company should maximize debt or equity in its capital structure. It calculates the company's Business Generic Profitability (BGP) ratio, which is 45.98%, and its US Index, which is 3.06. Since the US Index is greater than 1, the conclusion is that the company should maximize the amount of debt in its capital structure.

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    8 views3 pages

    8 - LEVERAGE - Jawaban Kasus Layara - US INDEX

    Uploaded by

    CA
    This document provides calculations to determine whether a company should maximize debt or equity in its capital structure. It calculates the company's Business Generic Profitability (BGP) ratio, which is 45.98%, and its US Index, which is 3.06. Since the US Index is greater than 1, the conclusion is that the company should maximize the amount of debt in its capital structure.

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    of 3

    PT.

    LAYAK ALIH SEGERA


    LATIHAN LEVERAGE
    USING US INDEX

    (ANSWER SHEET)

    BLEMBA 33
    SBM - ITB
    PT. LAYAK ALIH SEGERA
    I. Calculate : BUSINESS GENERIC PROFITABLITY (BGP)

    a. Computation of the Average Present Value of EBIT

    Nominal EBIT Factor Discount Present Value


    Thn
    (Rp. Million) ( D = 12% ) (Rp. Million)
    01 2.000 0.8929 1,786
    02 2.500 0.7972 1,993
    03 3.300 0.7118 2,349
    04 4.250 0.6355 2,701
    05 4.700 0.5674 2,667
    Total PVEBIT 11,496

    Rata-rata PVEBIT 2,299

    BGP = Average PVEBIT : TOTAL ASSET


    = ( 2,299 / 5.000 ) x 100%
    = 45.98 %

    II. Calculating US INDEX

    US INDEX = BGP / Interest Rate

    = 45.98 % / 15.00 % = 3.06 X

    Conclusion :
    Since US INDEX is greater than 1 X,
    Then, the Decision will be :
    “MAXIMIZE DEBT”

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