CA prévu 750,000

Pourcentage de réalisation du CA 90% 110%

CA 675,000 825,000
MSCV 40% 270,000 330,000
(Charges fixes) -240,000 -240,000
_________ _________
EBE 30,000 90,000
(Dotations) 0 0
_________ _________
REX 30,000 90,000

Structure de financement 100% CP 50%CP+50%D 100% CP 50%CP+50%D

Capitaux propres (CP) 400,000 200,000 400,000 200,000
Dette financière (D) 0 200,000 0 200,000
_________ _________ _________ _________
Total 400,000 400,000 400,000 400,000

REX 30,000 30,000 90,000 90,000

(Frais financiers) 9% 0 -18,000 0 -18,000
_________ _________ _________ _________
RCAI 30,000 12,000 90,000 72,000
(IS) 30% -9,000 -3,600 -27,000 -21,600
_________ _________ _________ _________
Résultat net 21,000 8,400 63,000 50,400
Re = REX / (CP+D) 7.5% 7.5% 22.5% 22.5%
Rf = Résultat net / CP 5.3% 4.2% 15.8% 25.2%