Financial management and analysis phần 4 docx

... Capital and the Marginal Efficiency of Investment ■ ■ ■ ■ ■

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... 31 (in Thousands) 2003 2002 Source: . Company Book Value of Equity in Millions Market Value of Equity (in Millions)

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... Cash Flow 2001 $40 0,000 $585, 640 $100,000 $ 146 ,41 0 2002 40 0,000 532 ,40 0 100,000 133,100 2003 40 0,000 48 4,000 100,000 121,000 20 04 400,000 44 0,000 1,000,000 1,100,000 2005 40 0,000 40 0,000 1,000,000 ... $272,727 2002 247 ,9 34 520,661 2003 225,3 94 746 ,055 20 04 2 04, 9 04 950,959 2005 6,209,213 7,160,172 ☎ ❑ $1,000,000 investment paid back 13-Capital Budget Tech Page...

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... 1,128 1, 043 Minority interest 1,207 1, 140 Total liabilities $48 , 349 $46 ,787 Stockholders Equity Common atock $44 5 $44 7 Retained earnings 34, 441 30,169 Capital surplus 1 ,48 4 1 ,41 1 Other ... debt-to-assets ratio $5,000,000 $11,000,000 0 .45 46 or 45 .46 %== 22 -Financial Ratios Page 742 Wednesday, June 4, 2003 12:06 PM 740 FINANCIAL STATEMENT ANALYSIS accounts rec...

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... plant and equipment 10,000 7,500 7,500 5,000 1,000 5,000 Payment of cash dividends 40 0 40 0 40 0 40 0 40 0 40 0 Interest on long-term debt 0,300 0,350 0 ,40 0 0,350 0,300 0,250 Taxes 1,308 1,317 1 ,45 4 ... flows during year 4, 575 –2,7 64 –3,129 48 8 5,819 4, 360 Cash balance without any financing –$3,075 –$1,2 64 –$1,629 $1,012 $7,319 $8,360 Long-term debt issuance 2,287 1,382 1...

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... expected return and risk. And throughout your study of finance, you will be concerned with 1-IntroFinancial Page 4 Wednesday, April 30, 2003 11 :48 AM Introduction to Financial Management and Analysis ... 22 Financial Ratio Analysis 721 CHAPTER 23 Earnings Analysis 775 CHAPTER 24 Cash Flow Analysis 797 PART SEVEN Selected Topics in Financial Management 821 CHAPTER 25...

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... r p D D g D D g D Dividend Valuation Model amount D P Review of Economics and Statistics The Investment Financing and Valuation of the Corporation The Theory of Investment Value P D g() r e g() ... D r e g P r e g D gr e D    () ■ ■ () Value of a 4% Coupon Bond with Five Years to Maturity and Semiannual Interest C N × M r d V () t () t ∑ time path Va...

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... options, and warrants are valuable and affect the riskiness and attractiveness of the security they are attached to. ■ The bond indenture is the contract between the issuer and the bond- holders and ... $6,8 24, 000 Flotation costs on new bonds 300,000 180,000 120,000 Total $17,360,000 $10 ,41 6,000 $6, 944 ,000 15-Intermed_Long-Term Debt Page 525 Wednesday, April 30, 2003 12:02 PM...

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... Equity Debt to Assets DiamlerChryslerAG 4. 318 4. 867 77% Ford Motor Company 34. 432 15.677 97% General Motors Corporation 1. 544 14. 699 94% Toyota Motor Company 1 .40 5 0.106 58% 18-CapitalStructure Page ...    $200 $1,000,000 $50,000    += $1,250 $4, 000+ $5,250== Total costs 0.05 $89 ,44 3 2    $200 $1,000,000 $89 ,44 3    += $2,236 $2,236+ $4, 472== 19-...

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... jurisdiction of any single country, and (4) they are in unregistered 25-IntnatlFinancial Page 844 Wednesday, April 30, 2003 12:13 PM 842 SELECTED TOPICS IN FINANCIAL MANAGEMENT One corporation surveyed ... 2 Belgian franc 36.785 39 .40 9 Netherlands guilder 1.9778 2.1219 Swiss franc 1 .46 43 1.6369 25-IntnatlFinancial Page 858 Wednesday, April 30, 2003 12:13 PM International Financial...

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