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请问下面这段文字的第一句话是怎么翻译的 谢谢

来源:学生作业帮 编辑:作业帮 分类:英语作业 时间:2024/07/20 03:07:51
请问下面这段文字的第一句话是怎么翻译的 谢谢
Figure 6a depicts a slowing of growth rates for the low-Q groups up to and including Year 0, but
a convergence towards the high-Q growth rates subsequently. Figure 6b plots the difference in
average cumulative growth rates between high and low Q groups, showing that, on average, low-
Q firms have higher growth in estimated reserves subsequent to Year 0. The recovery of growth
rates after Year 0 for the low-Q firms indicates that the slowing of investment growth up to Year
0 was indeed temporary, increasing earnings, profit margins and RNOA temporarily.5
To check whether the patterns we have observed are attributable to only one component
of our C-score index, Figure 7 repeats Figure 2a with the C-score (and consequently, the Q-
score) calculated from sub-scores for inventory accounting, R&D accounting and advertising.
Results for each are similar to that for the overall C-score.
There is one qualification to our interpretation of the results. Firms that reduce
investment or the rate of growth in investment can do so in anticipation of lower profitability of
new projects. Therefore the lower RNOA subsequent to year 0 for low-Q firms may reflect
lower project profitability. The indications in Figure 6 that the decline in investment is
temporary, argue against this interpretation. So does Figure 1 where the abnormal Q score in
Year 0 is temporary. And the conservatism effect is at work, ceteris paribus, by the construction
图6a描述了low-Q团体知道year0(包括year0)的生长速率是逐渐可以再减缓的,但是随后向highQ的生长收敛.图6b展示了highQ与lowQ团体在平均积累生长率上的区别,表明:平均起来,在year0之后的预计储量中lowQ团体拥有更多的生长.lowQ团体在year0之后的生长速率的恢复表明直至year0以前的对投资增长的减缓,只是暂时的,暂时性的增加收入,利润率和RNOA.
为了检查我们所观测到的图是否可归结于我们C-score index中的仅仅一个成份,图7重复了从存货会计分得分,R&D账户和广告业务计算得到的有Cscore的图2a(也因此,Qscore).每一个的记过都与总体的Cscore相似.
我们对结果的解释有一个限制条件.减少投资或投资者增长速率的公司可以在新项目中较低收入的预支里这样做.因此,lowerQ公司继year0之后的较低的RONA可能影响较低项目的盈利.图6中的暗示:在投资方面的减少只是暂时性的,会反驳这种解释.在图1中的非正常Qscore(在year0)也同样是暂时的.而且conservatism(稳健原则?)的影响正在发挥,别无其他情况.
某狐飘过,表示不是跟LZ同个专业,很多词的取义没有底啊,将就着看吧.