Financial Management: Theory and PracticeIntended for use in an introductory finance course, this textbook emphasizes the skills needed to make good financial decisions. It outlines fundamental concepts and provides detailed discussions of topics like securities, corporate valuation, strategic investment, and working capital management. Two CD-ROMs contain displays, tools kits, models, files, spreadsheets, and reference materials. Brigham teaches at the University of Florida. Ehrhardt teaches at the University of Tennessee. Distributed by ISBS. c. Book News Inc. |
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Page 40
... common equity , or net worth , is a residual . For example , for 1993 , Assets - Liabilities - $ 2,000,000,000 - $ 1,064,000,000 - Preferred stock = Common equity . $ 40,000,000 $ 896,000,000 . = Suppose assets decline in value - for ...
... common equity , or net worth , is a residual . For example , for 1993 , Assets - Liabilities - $ 2,000,000,000 - $ 1,064,000,000 - Preferred stock = Common equity . $ 40,000,000 $ 896,000,000 . = Suppose assets decline in value - for ...
Page 62
... COMMON EQUITY , 16 1989-1993 14 12 10 8 6 4 2 Industry MicroDrive 1989 1990 1991 1992 1993 ROA = Profit margin ... common equity , the rate of return on assets ( ROA ) and the return on equity ( ROE ) would be the same because the total ...
... COMMON EQUITY , 16 1989-1993 14 12 10 8 6 4 2 Industry MicroDrive 1989 1990 1991 1992 1993 ROA = Profit margin ... common equity , the rate of return on assets ( ROA ) and the return on equity ( ROE ) would be the same because the total ...
Page 360
... common equity , respectively . The cost of the debt component of the WACC would itself be an average of several items if the firm uses several types of debt for its permanent financing , while the common equity used in the calculation ...
... common equity , respectively . The cost of the debt component of the WACC would itself be an average of several items if the firm uses several types of debt for its permanent financing , while the common equity used in the calculation ...
Contents
INTRODUCTION TO FINANCIAL MANAGEMENT 1 | 24 |
Career Opportunities in Finance 5 Financial Management in the 1990s 7 Increasing | 30 |
ANALYSIS OF FINANCIAL STATEMENTS | 35 |
Copyright | |
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12 percent after-tax amount analysis annuity assume average balance sheet bank beta beta coefficient bonds borrow capital budgeting capital gains capital structure CAPM cash conversion cycle cash flows chapter coefficient common equity common stock company's corporate cost of capital coupon current assets decision depreciation discount rate discussed dividend policy dollar EBIT effective annual rate Equation estimated example expected rate financial calculator Financial Management firm firm's fixed assets flotation costs forecast funds future growth rate income increase inflation interest rates inventory investment investors issue lease leverage liabilities loan market risk market value maturity million Note operating payable payments payout period plans portfolio preferred stock present value profits purchase rate of return ratio required rate retained earnings risk premium risky securities SELF-TEST QUESTIONS sell share short-term standard deviation stock price stockholders tax rate WACC yield zero