"Eunuch Yang came here to ask this question, which really flatters me." Gao Hanwen admired Yang Jinshui, who was forty years old and still had the motivation to study personally in order to get promoted and make a fortune.
You must know that many middle-level officials in later generations basically asked their secretaries to go to school to help them study, take exams, and get their degrees in order to further obtain higher degrees. It is rare for a big boss of this level to come to study in person even with a lantern.
"Don't beat around the bush, just tell us directly. Forget it, let's just say it straight away."
"The Emperor will ask our Audit Bureau to audit the operations of various imperial villages first. This indicator We think it is very important. But we still lack reference for the principles and specific applications. We consider ourselves to be close friends with Mr. Gao, and I would like to ask Mr. Gao to tell me everything I know. Everything is endless."
Yang Jinshui knew that there was no order from the emperor in this matter. He was afraid that Gao Hanwen would go around in circles for his own request, so he simply said it directly. If Gao Hanwen explained it thoroughly, Yang Jinshui would naturally accept this favor. If you still don't want to talk, it means you are not speculative and don't waste much time.
"Tell me, tell me, I will tell you now"
The pleasantries that Gao Hanwen had planned were completely gone, and he went straight to the topic.
This indicator must be considered from two levels: connotation and denotation.
In connotation application, the rate of return on net assets is actually the ex post rate of return. As the ex post rate of return, its assessment is destined to deviate from the ex ante expected rate of return from the very beginning. Is it a good deviation or a bad deviation.
In addition, almost every company and every activity has a net equity interest rate, some are high and some are low. So as the management of Huangzhuang, it is natural to gradually increase investment in industries with high net asset profit margins and reduce industries with low return rates. How can the emperor do something thankless? Isn’t this creating a conflict between the emperor and the people?
Finally, in the same industry, there are private profit margins and imperial profit margins. If the emperor The profit margin of the bank cannot keep up with that of the private sector. Is this someone taking advantage of the Emperor's power to make personal fortune and ruin the Emperor's reputation?
These assessments are precisely fatal. All of a sudden, Yang Jinshui, who had been unwilling to start working in the Audit Bureau in Hangzhou, suddenly opened his mind.
The above is only the connotative application of this indicator. There is also extension.
Gao Hanwen used the blackboard in the Governor's Yamen study to demonstrate the calculation of the net asset profit rate with a plaster pen. Based on the relationship between the numerator and the denominator, Gao Hanwen restored the dislocation to net sales profit rate x total asset turnover rate x The three indicators of total assets to net assets magnification are multiplied together. Under this three-indicator multiplication formula, product profitability, asset operation capabilities and financial leverage levels are analyzed one by one.
"Who is Mr. Du? Why do you always make up an inexplicable name?" After listening to Gao Hanwen's explanation of the indicators, Yang Jinshui was basically enlightened, enlightened, enlightened, enlightened, and confused.The way back is normal.
I'm just speechless, why can Gao Hanwen always name a person he doesn't know at all.
"Eunuch Yang, you know that my knowledge is not groundless. It is learned from lost families from all over the world. My denotative analysis method is based on the ideas of Teacher Du. It is impossible. If I use someone else's work, I won't mention it. I might even say it's mine. If I do this, who will be willing to send me my family's knowledge to make it public in the future?"
Looking at Yang Jinshui's puzzled expression, Gao Hanwen added, "In the past few months, I followed General Yu Dayou and sent many manuscripts and copies to the capital. Eunuch Yang should have read them. He doubts me. Don't doubt my IQ. If it is really my own, I will give this reputation to a completely unknown teacher Du. I am not a fool. I should trust the masters among the people." Please remember to collect, the latest and fastest website Free reading without anti-theft