新x信-按小時(shí)收費(fèi)的企業(yè)培訓(xùn)-會(huì)計(jì)報(bào)表和財(cái)務(wù)管理-免費(fèi)閱讀
【正文】 IBM ? A conglomerate merger – The unrelated enterprises, such as American Online amp。2000 By Sinotrust Management Consulting MBA基礎(chǔ)培訓(xùn) 會(huì)計(jì)報(bào)表和財(cái)務(wù)管理 Gorden Model （ Constant Growth Model） To evaluate the stock price with the constant growth rate. P0= D0(1+g)/(Ksg) ? P0 the expected price of the stock today ? D0 dividend the stockholder expects to receive today ? Ks required return rate ? g expected growth rate SINOTRUST 23 Copyright169。 SML(3) ? The beta of some stocks Stock Beta America Online Bally Entertainment Microsoft Corp General Electric Procter amp。 EVA (4) EVA case study ? CSX Corporation in 1988, stock price $28 ? BU:Lootive,containers,trailer,railcars ? EVA approach lost $70M ? Selling off, increasing volume ? Till 1993, stock price $ SINOTRUST 15 Copyright169。2000 By Sinotrust Management Consulting MBA基礎(chǔ)培訓(xùn) 會(huì)計(jì)報(bào)表和財(cái)務(wù)管理 The other key ratios ? P/E ratio = The market price of stock /EPS ? EPS = Earnings/The shares outstanding ? What is your idea? SINOTRUST 11 Copyright169。2000 By Sinotrust Management Consulting MBA基礎(chǔ)培訓(xùn) 會(huì)計(jì)報(bào)表和財(cái)務(wù)管理 Cash 7,282 57,600 AR 632,160 351,200 Inventories 1,287,360 715,200 Total CA 1,926,802 1,124,000 Gross FA 1,202,950 491,000 Less: Deprec. 263,160 146,200 Net FA 939,790 344,800 Total Assets 2,866,592 1,468,800 1997 1996 Balance Sheet: Assets SINOTRUST 4 Copyright169。SINOTRUST 1 Copyright169。2000 By Sinotrust Management Consulting MBA基礎(chǔ)培訓(xùn) 會(huì)計(jì)報(bào)表和財(cái)務(wù)管理 1997 1996 Accts payable 524,160 145,600 Notes payable 720,000 200,000 Accruals 489,600 136,000 Total CL 1,733,760 481,600 Longterm debt 1,000,000 323,432 Common stock 460,000 460,000 Retained earnings (327,168) 203,768 Total equity 132,832 663,768 Total Lamp。2000 By Sinotrust Management Consulting MBA基礎(chǔ)培訓(xùn) 會(huì)計(jì)報(bào)表和財(cái)務(wù)管理 MVA amp。2000 By Sinotrust Management Consulting MBA基礎(chǔ)培訓(xùn) 會(huì)計(jì)報(bào)表和財(cái)務(wù)管理 MVA amp。 Gamble CocaCola Heinz Empire Dis
教學(xué)課件相關(guān)推薦
鄂ICP備17016276號(hào)-1