Financial Analysis: Tools and Techniques Phần 6 pps

... analyzing and under- standing business performance and prospects. Then we stressed the need for all managers to become economic managers to best fulfill their and their companies’ potential, and discussed ... Companies, Inc. Click Here for Terms of Use. 14 Financial Analysis: Tools and Techniques Incentives to enhance short- and long-term performance are the opposit...

Ngày tải lên: 24/01/2014, 00:20

... both for the financial/ economic dimensions of systematic business management and for understanding the nature of financial statements, data, and processes underlying financial analysis techniques. ... organizations and empowered employees. Empowerment begins with knowledge and is expanded by targeted training, which includes understanding the nature and relevance of financ...

Ngày tải lên: 05/03/2014, 20:20

... 2 Financial Analysis: Tools and Techniques For many years the purpose and contribution of this book have been to help make financial/ economic analysis a practical, understandable and usable process for ... organizations and empowered employees. Empowerment begins with knowledge and is expanded by targeted training, which includes understanding the nature and relevance of...

Ngày tải lên: 28/06/2014, 08:20

... Team-Fly đ 2 Financial Analysis: Tools and Techniques For many years the purpose and contribution of this book have been to help make financial/ economic analysis a practical, understandable and usable ... both for the financial/ economic dimensions of systematic business management and for understanding the nature of financial statements, data, and processes underl...

Ngày tải lên: 28/06/2014, 12:20

... 10 16 16 16 16 16 16 Growth in equity‡ . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 10 16 16 16 8 8 8 Growth in profit after interest . . . . . . . . . . . . . . . . — 10 10 — 16 16 ... . . . . . . $ 60 0 $ 60 0 $ 60 0 *Before personal income taxes. hel78340_ch 06. qxd 9/27/01 11:13 AM Page 208 222 Financial Analysis: Tools and Techniques In the end, the ke...

Ngày tải lên: 01/07/2014, 22:20

... 402 Creating Value in Restructuring and Combinations 411 Restructuring and Value 411 hel78340_FM.qxd 9/27/ 01 10:56 AM Page xv 16 Financial Analysis: Tools and Techniques Sharing. The first practice ... investors, creditors, and suppliers, or hel78340_ch 01. qxd 9/27/ 01 10:58 AM Page 12 10 Financial Analysis: Tools and Techniques The Practice of Financial...

Ngày tải lên: 05/08/2014, 13:20

... 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 need Funding after dividends 1999 20 00 20 01 20 02 2003 20 04 20 05 20 06 hel78340_ch03.qxd ... seeks to understand a company’s economic hel78340_ch 02. qxd 9 /27 /01 10:59 AM Page 37 72 Financial Analysis: Tools and Techniques...

Ngày tải lên: 05/08/2014, 13:20

... firm hel7 834 0_ch04.qxd 9/27/01 11:07 AM Page 98 100 Financial Analysis: Tools and Techniques FIGURE 4 3 TRW INC. AND SUBSIDIARIES Statements of Earnings For the Years Ended December 31 , 1997 and 1996 ($ ... used for investment and by far less in the other two, $3 million and $52 million respectively. hel7 834 0_ch 03. qxd 9/27/01 11:00 AM Page 87 126 Financial Anal...

Ngày tải lên: 05/08/2014, 13:20

... 6.55 5.90 4. 89 8 4. 45 6.55 5.90 4. 52 9 6.55 5.90 4. 46 10 6.55 5.90 4. 46 11 3.29 5.90 4. 46 12 5.90 4. 46 13 5.90 4. 46 14 5.90 4. 46 15 5.90 4. 46 16 2.99 4. 46 17–20 4. 46 21 2.25 hel78 340 _ch 04. qxd 9/27/01 ... 40 0 3 64 332 1 Ú2 288 1.125 1.125 Preference Stock II 2 40 2 396 352 350 1.125 1.125 $4. 50 Convertible 3 42 3 1 4 423 1 4 425 250 1.125 1.125 Serie...

Ngày tải lên: 05/08/2014, 13:20

... . . . $50 0.0 $55 0.0 $6 05. 0 250 .0 290.0 336.4 250 .0 270.0 291.6 Net assets (capitalization) . . . . . . . . . . . . . . . . $50 0.0 $55 0.0 $6 05. 0 $ 50 0.0 $ 58 0.0 $ 672.8 $50 0.0 $54 0.0 $58 3.2 Profitability ... . . . . . — -0- — 55 5 . . . . . . . . . 25% $ 49, 750 * Infinite† 694 . . . . . . . . . 25 112,300 1 25% 867 . . . . . . . . . 25 190, 150 69 1084 . . . . . . . . ....

Ngày tải lên: 05/08/2014, 13:20

... . . 36% 36% 36% 36% 36% 36% 36% After-tax benefits. . . . . . . . . . . . . . . . . . . . . . . . 0 2, 560 2, 560 2, 560 2, 560 2, 560 2, 560 2, 560 17,920 Depreciation tax shield ($1,500 ϫ . 36) . . ... . . . . . . . 36% 36% 36% 36% 36% After-tax cost . . . . . . . . . . . . . . . . . . . . . . . 0 Ϫ5,120 Ϫ5, 760 6, 400 Ϫ7,040 Ϫ7 ,68 0 Ϫ32,000 Depreciation tax shield ($80,000 ϫ . 36) . . ....

Ngày tải lên: 05/08/2014, 13:20

... both the present level of earnings and any anticipated changes in hel 783 40_ch11.qxd 9/27/01 11:31 AM Page 382 3 78 Financial Analysis: Tools and Techniques basis, and (3) the value of all shares ... . . . . . . . . . $1 ,84 0 $83 2 .89 *From Table 7–II and 7–I (end of Chapter 7), respectively. hel 783 40_ch11.qxd 9/27/01 11:31 AM Page 364 336 Financial Analysis: To...

Ngày tải lên: 05/08/2014, 13:20

... instance that over time provide a recovery of the investment and a hel78340_ch12.qxd 9/ 27/01 11:33 AM Page 407 392 Financial Analysis: Tools and Techniques this approach should really have been commonplace ... Co. hel78340_ch12.qxd 9/ 27/01 11:33 AM Page 401 408 Financial Analysis: Tools and Techniques FIGURE 12–6 An Illustration of Economic Profit, CFROI, and Ear...

Ngày tải lên: 05/08/2014, 13:20

... payments. hel78340_apx2.qxd 9/27/01 11:33 AM Page 437 460 Techniques of Financial Analysis: A Guide to Value Creation Financial Manuals and Services Most current financial and economic information is now available ... 439 Financial information gathering and interpreting, 16–17 interpretation of, 53–54 Financial leverage, 128–130, 192, 203–209, 440 Financial manuals and...

Ngày tải lên: 05/08/2014, 13:20