FINANCIAL ANALYSIS: TOOLS AND TECHNIQUES CHAPTER 2 ppt

... framework and tools Overall results and value creation Operational effectiveness Investment effectiveness Financing effectiveness 26 Financial Analysis: Tools and Techniques hel78340_ch 02. qxd 9 /27 /01 ... management team. Every one of these decisions hel78340_ch 02. qxd 9 /27 /01 10:59 AM Page 22 38 Financial Analysis: Tools and Techniques performance and to...

Ngày tải lên: 01/07/2014, 22:20

... Support 22 2 Chapter 7 Cash Flows and the Time Value of Money 22 3 The Time Value of Money 22 4 Discounting, Compounding, and Equivalence 22 4 Components of Analysis 23 1 Net Investment 23 2 Net Operating ... Analysis 20 2 Financial Leverage 20 3 Financial Growth Plans 20 9 Basic Financial Growth Model 21 0 Sustainable Growth and the Sustainable Growth Equation 21 4 I...

Ngày tải lên: 01/07/2014, 22:20

... 1 ,20 0 1,000 800 600 400 20 0 0 20 0 Sales Operating assets Aftertax profit Funding need Funding after dividends 1999 20 00 20 01 20 02 2003 20 04 20 05 20 06 hel78340_ch03.qxd 9 /27 /01 11:00 AM Page 77 60 Financial Analysis: ... Pattern 1,600 1,400 1 ,20 0 1,000 800 600 400 20 0 0 1,600 1,400 1 ,20 0 1,000 800 600 400 20 0 0 Sales Operating assets Aftertax profit Funding n...

Ngày tải lên: 01/07/2014, 22:20

... of useful life, in reverse order. (In our example, the fractions are 6 21 , 5 21 , 4 21 , 3 21 , 2 21 , and 1 21 .) In a given year, the depreciation write-off is the asset’s original cost ... Balance Method* Method† Method Year 1 $1,600 $3,333 $2, 500 $2, 743 Year 2 1,600 2, 222 1,875 2, 286 Year 3 1,600 1,4 82 1,407 1, 829 Year 4 1,600 988 1,406 1,371 Year 5 1,600 658 1,...

Ngày tải lên: 01/07/2014, 22:20

... on outstanding debt and temporary borrowing Profit before taxes . . . . . . . . 755 6.0 25 0 2. 4 2, 375 5.0 3,450 6.6 Income taxes . . . . . . . . . . . . 27 2 2. 2 90 0.9 855 1.8 1 ,25 0 2. 4 Projected ... time, and not their ebb and flow. A more dynamic intraperiod analysis requires either hel78340_ch05.qxd 9 /27 /01 11:14 AM Page 173 1 82 Financial Analysis: Tools and...

Ngày tải lên: 01/07/2014, 22:20

... secondary role. As we’ll discuss and demonstrate in more detail in hel78340_ch06.qxd 9 /27 /01 11:13 AM Page 20 9 21 0 Financial Analysis: Tools and Techniques Chapters 11 and 12, shareholder value creation ... taxes. hel78340_ch06.qxd 9 /27 /01 11:13 AM Page 20 8 22 2 Financial Analysis: Tools and Techniques In the end, the key test of financial analysis is the...

Ngày tải lên: 01/07/2014, 22:20

... 3.3 32 2.857 2. 500 2. 222 2. 000 30 25 .808 22 .396 17 .29 2 15.3 72 13.765 11 .25 8 9. 427 8.055 7.003 6.566 6.177 5.517 4.979 4.534 4.160 3.995 3.8 42 3.569 3.3 32 2.857 2. 500 2. 222 2. 000 35 29 .408 24 .999 ... 3.333 2. 857 2. 500 2. 222 2. 000 45 36.094 29 .490 20 . 720 17.774 15.546 12. 108 9.863 8 .28 2 7. 123 6.654 6 .24 2 5.5 52 4.998 4.545 4.166 4.000 3.846 3....

Ngày tải lên: 01/07/2014, 22:20

... is desirable, at least on a nu- merical basis. hel78340_ch08.qxd 9 /27 /01 11 :28 AM Page 27 2 26 2 Financial Analysis: Tools and Techniques this condition will become apparent when we discuss some ... stated book value of $ 12, 500, the only item of relevance would be the tax savings on the capital loss hel78340_ch08.qxd 9 /27 /01 11 :28 AM Page 26 7 29 0 Financial Analysis:...

Ngày tải lên: 01/07/2014, 22:20

... . . . . . Ϫ1 .28 Ϫ0 .25 Percent change in EPS. . . . . . . . . . . . . . . . . . . . . . . 21 .5% Ϫ4 .2% hel78340_ch10.qxd 9 /27 /01 11:30 AM Page 337 3 32 Financial Analysis: Tools and Techniques financing ... million EBIT and $2. 75 EPS) (old) (new) EBIT ($ millions) 0 1.0 2. 0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12. 0 hel78340_ch10.qxd 9 /27 /01 11:30 AM Page 341 3 52...

Ngày tải lên: 01/07/2014, 22:20

... 7 82 1 .25 5 919 3.85 1 .21 8 28 4 1 .22 4 709 1 .23 1 0 12 1 .23 7 196 1 .24 3 26 3 1 .24 9 21 5 3.90 1 .21 2 559 1 .21 8 793 1 .22 4 907 1 .23 0 904 1 .23 6 787 1 .24 2 557 3.95 1 .20 6 868 1 .21 2 913 1 .21 8 841 1 .22 4 654 1 .23 0 ... 1 .23 5 944 4.00 1 .20 1 21 0 1 .20 7 068 1 .21 2 8 12* 1 .21 8 443 1 .22 3 964 1 .22 9 377 4.05 1.195 585 1 .20 1 26 0 1 .20 6 821 1 .21 2 27 3 1...

Ngày tải lên: 01/07/2014, 22:20