【正文】
e possibility of a reasonable amount。s assessment. Ine approach in principle, that is the reason why the acquirer acquired the target pany, taking into account the target pany can generate revenue for themselves, if the pany39。s priceearnings ratio M, with the target pany39。 A for these items one by one consultations, the two sides, both sides reached an acceptable value of the pany. Mainly applied to the simple acquisition of the book value and market value of the deviation from small nonlisted panies. 2. The market value of parative law. It is the stock market and the target pany39。clock on targeted business Jinxing scientific, objective value of Ping Gu, carefully Xuanze acquisition Duixiang to Shi Zai market petition itself tide in an invincible position. Measure of the value of the target pany, generally adjusted book value method, market value of parative law, priceearnings ratio method, discounted cash flow method, ine approach and other methods. 1. The book value adjustment method. Net balance sheet shall be the pany39。 A prices, so enterprises in M amp。 M price is the cost of an important part of the target pany39。s working capital demand in the near future, on the accounts receivable turnover and inventory turnover rate of the data to be reviewed, should include other factors that affect financial flexibility, such as shortterm corporate debt levels, capital structure, the higher the interest rate of Zhaiwu relatively specific weight. 2. Examine the financial situation of enterprises also have to assess the potential for backup liquidity. When the capital market funding constraints, poor corporate liquidity, the liquidity of the capital assessment should focus on the study of the availability of backup liquidity, the analysis of enterprise can get the cash management, corporate finance to the outside world the ability to sell convertible securities can bring the amount of available liquidity. In the analysis of various sources of financing enterprises, the enterprises should pay particular attention to its lenders are closely related to the ease of borrowing, because once got in trouble, helpless to the outside world, those close to the lending institutions are likely to help businesses get rid of dilemma. Others include convertible securities are convertible at any time from the stock market into cash, to repay shortterm corporate debt maturity. 3 Determination of M amp。s overall Profitability, Profitability is the size of which can be pany39。s financial situation, not only in the past few years, a careful analysis of financial reporting information, but also on the acquired within the next five years or more years of cash flow and assets, liabilities, forecast. 1. The pany liquidity and solvency position is to maintain the basic conditions for good financial flexibility. Company39。 A Before merger, M amp。 A mov