Question

求这段文字的准确翻译~

自己翻译了一段 很多都不准确 在线翻译也很不准确 求高人帮忙 不胜感激~~~
In the News
Investor anger surfaced last week after Red Hat, Inc., changed how it books software subscription revenue, setting the stage for courtroom battles on whether company officials profited from the switch in accounting methods (Babcock, 2004). Investors filed six class-action lawsuits against the Linux supplier 2 days after it said it would restate earnings and move to a daily, instead of monthly, method of accounting for its software subscription revenue. The suits charge company executives with violating various infractions of securities laws and misleading of investors. One suit charged that company officials profited from the sale of stock between March 19, 2002, and last Monday, when the monthly accountingmethod was in force. Red Hat did not respond to a request for a comment. Red Hat shares, which hit a 4-year high of $29.06 in June, closed at $15.15 on Friday, down $5.34 for the week, or 26%. Until Thursday, when shares rose slightly, the stock had been on a slide since the unexpected resignation of chief financial officer (CFO) Kenneth Thompson on June 14, followed by lower-than-expected earnings projections on June 17. Monthly accounting of subscription revenue is more common among software companies than daily accounting. Daily-based accounting is a “more-conservative method,” says Dion Cornett, Managing Director at the equity-research firm Decatur Jones Equity Partners LLC. The shift to daily from monthly revenue accounting for subscriptions has the effect of moving revenue that was previously recognized in the first quarter of a subscription into the final quarter of the agreement, Red Hat officials said. The firm’s auditors, PricewaterhouseCoopers, recommended the change in June.
The starting point for the analysis of a firm’s financial efficiency is return on equity(ROE) (or ROI, return on investment). They measure the efficiency with which the firm employs capital – be it owner’s capital or total capital. Accordingly, there are two commonly used measures – ROE and ROI, depending on from whose viewpoint you are analyzing.
Return on equity is measured as the ratio of earnings available for shareholders and net worth, that is,
ROE = [Profit after Tax−Preference Dividend (if any)]÷Net worth.
This ratio measures the efficiency with which the firm employs owner’s equity. It estimates profits per dollar of shareholder’s funds.
Exhibit 6.1 shows the ROE for Toyota, Japan.
As can be seen from the table, ROE has declined for Toyota but is recovering. But that itself does not tell us the whole story. Because the numerator (net income) is an unreliable measure of performance, the outcome of the formula must also be unreliable. More specifically, the numerator is susceptible to accounting policies chosen by the company.

Answer 1

在新闻

上周在投资者愤怒出现红色帽子，公司，改变了它的图书软件订阅收入，从而为法庭战斗是否公司官员从中获利的开关在核算方法（312，2004）。六的投资者提起集体诉讼对软件供应商2天之后说它将重申收益和移动到一日，而不是每月，会计方法软件订阅收入。诉讼费用公司高管违反各种违反证券法律、误导投资者。一个官员控告公司得益于出售股票之间2002年3月19日，和上周一，当每月会计方法是力量。红帽子没有回应要求评论。红帽子，创4年高29.06美元在六月，星期五收于15.15美元，下跌5.34美元，为周，或26%。直到星期四，当股价小幅上涨，股价一直在幻灯片的意外辞职的首席财政官（首席财务官）汤普森在六月十四日，其次是低于预期收益的预测，六月十七日。核算月度订阅收入是较常见的比日常会计软件公司。完成日常会计是“保守的方法，说：”迪翁小号，总经理在公司的股权合作伙伴琼斯equity-research迪凯特公司转移到每日每月收入占用户移动的影响收入是以前公认的第一季度订阅到最后一个季度的协议，红帽子的官员说。该公司的审计师，普华永道，建议六月的变化。

起点为分析公司财务效率的股本回报率（卵）（或投资回报率，投资回报）。这些措施的效率，该公司雇用的资本–是业主的资本或资本总额。因此，有常用的措施，–净资产收益率和投资回报率，这取决于你是从他的观点分析。

股本回报率是衡量的比例可供股东收益和净资产，即，

狍= [税后利润？优先股股利（如果有的话）]÷净价值。

这一措施的效率，该公司雇用的所有者权益。据估计，每美元股东资金利润。

展品6.1显示子为丰田，日本。

从表中可以看出，净资产收益率下降，但恢复丰田。但是，本身并没有告诉我们全部的故事。因为分子（净收入）是一个不可靠的衡量业绩，成果的公式也必须是不可靠的。更具体地说，分子是容易受到会计政策选择的公司。

Answer 2

新闻