Analysis for Financial Management
Financial analysis is one of the most important and valuable skills for today's managers and executives. It is essential that you understand the impact on your organization's financial performance of every decision you make. Higgins gives you the essential tools, strategies, and tactics for improving the financial dimensions of your operating decisions. This completely revised Third Edition for Analysis for Financial Management covers recent developments in the finance field such as market signaling, market efficiency, and capital asset pricing and, for the first time, integrates international topics throughout the book. In addition to more traditional subjects, you'll find the facts on how to assess the performance of international subsidiaries, compare interest rates across different currencies, and manage foreign exchange exposure. Analysis for Financial Management gives you the vital facts you need to understand and apply the techniques of financial analysis to your everyday decision making. From assessing financial performance to evaluating investment opportunities and valuing companies, Higgins includes how you can use financial statements to assess a company's financial health, its strengths, weaknesses, recent performance, and future prospects; how to manage growth and decline; how financial leverage impacts an organization and its shareholders; and how to effectively incorporate risk into decision making.
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EVALUATING FINANCIAL PERFORMANCE
PLANNING FUTURE FINANCIAL PERFORMANCE
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$1 million 15 percent accounts receivable aftertax cash flow analysis annual asset turnover average balance sheet bank bankruptcy beta book value calculate capital rationing cash flow diagram cash flow statement chapter CM CM CM common stock company's corporate cost of capital cost of equity creditors current assets debt financing decision depreciation discount rate dividend dollar earnings EBIT equal equation estimate evaluation exchange rate expected return figure of merit financial leverage financial statements firm firm's fixed assets forecast forma free cash flow income statement increase inflation interest expense interest rate inventory investment's investors iri iri iri issue liabilities loan long-term debt market value maturity ment option owners payments perspective portfolio present value problem profit margin rate of return ratio risk-adjusted discount rate Russell Russell Corporation Russell's securities sell share shareholders Standard & Poor's stock price sustainable growth rate Table tion vestment