cashflowanalysis英文版-資料下載頁
2025-02-09 08:52本頁面
【正文】 522 Charges for reanization 1,483 Deferred ine taxes 658 Acquired inprocess RD charges 332Sales of investments businesses (1,570)Deferred ine taxes 239Writedown on impaired investments 405 Receivables (1,471) Inventories (2,305) Other assets (532) Accounts payable (666) Other Liabilities (514) Cash from Operations (1,164) 2023/3/4 22Cash Flow AnalysisCooking!? Controlling discretionary expenses–Repairs maintenance–Training development–Travel? Increasing revenue–“Stuffing the channels”? LyingFraud go to jail2023/3/4 23Cash Flow AnalysisEnronitis? Enron? Dynergy Inc., Reliant Resources Inc., CMS Energy? Tyco? GE? Boeing? IBM2023/3/4 24Cash Flow Analysis3 Key Financial Aspects of a Business1. Cash Flows2. Maintaining Solvency3. Profitability2023/3/4 25Cash Flow AnalysisSolvency Again? The Current Ratio: Test of ShortTerm Solvency– Current Ratio = current assets / current liabilitiesGeneral Rule of thumb: Should be greater than 2 to get a short term loan? The Quick Ratio (The acid test ratio)– Quick Ratio = (Cash + AR) / Current LiabilitiesShould be less than 12023/3/4 26Cash Flow AnalysisSolvency 2? Debt to Equity Ratio–Debt to Equity = Total Liabilities / Total EquityMeasure of “l(fā)everaging” of debt. Usually kept below 1? Times Interest Earned Ratio–TIER = Operating Earnings / Interest ExpenseHigher is better, must stay above 12023/3/4 27Cash Flow AnalysisProfitability? Return on Sales Ratio–Return on Sales Ratio = Net Ine / Revenue? Return on Equity–ROE = Ine / Stockholders EquityShould beat other investment options considering risk? Return on Assets–ROA = Ine / Total Assets Measured against panies borrowing interest rate2023/3/4 28Cash Flow AnalysisWe just covered? How to calculate and a corporations Cash Flow analysis? How to evaluate the solvency of a pany based on its balance sheet and cash flows2023/3/4 29Cash Flow AnalysisFor Yourself ? Read pages 68 158 of Tracy’s book2023/3/4 30Cash Flow Analysis演講完畢，謝謝觀看
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