【正文】 2 x x 1Sa l e s re v e n u e s 2 0 0 . 0 C o s t o f g o o d s s o l d (1 1 0 . 0 ) * G r o s s m a r g i n 9 0 . 0 G e n s e l l , amp。e 4 0 0 . 0 4 9 0 . 0 9 0 . 0 Acc d e p re ci a t i o n (1 0 0 . 0 ) (1 3 0 . 0 ) (3 0 . 0 ) * N e t p p amp。 m kt 39。 m k t s e c u r i ti e s 2 0 . 0 Copyright 169。 2021 Pearson Education, Inc. Publishing as Prentice Hall 12 GPC Ca sh F low Sta te m e n t, f o rth e Y e a r e n d ing De c 3 1 , 2 x x 0N e t i n co m e 2 3 . 4 + D e p re ci a t i o n 3 0 . 0 I n cre a s e i n a cc re c (1 0 . 0 ) I n cre a s e i n i n v e n t (3 0 . 0 ) + I n cre a s e i n a cc re c 1 2 . 0 * T o ta l c a s h fr o m o p e r a ti o n s 2 5 . 4 I n v e s t i n n e w p p e (9 0 . 0 ) * C a s h fl o w i n v e s t39。 a d m i n e x p (3 0 . 0 ) * O p e r a ti n g i n c o m e 6 0 . 0 I n t e re s t e x p e n s e (2 1 . 0 ) * T a x a b l e i n c o m e 3 9 . 0 I n co m e t a x (1 5 . 6 ) * N e t i n c o m e 2 3 . 4 Al l o ca t i o n t o d i v s (1 0 . 0 ) * C h g r e ta i n e d e a r n 1 3 . 4 Copyright 169。 2021 Pearson Education, Inc. Publishing as Prentice Hall 9 The Ine Statement ? Important Reminders: – Retained earnings are not added to the cash balance in the balance sheet, but are added to shareholder’s equity – Accounts show historical values, not market values ?The shareholder’s equity may be much higher or lower than the market value of the firm –The value of the firm’s land may have halved or doubled, but this would not be reported in the balance sheet Copyright 169。 Taxable ine – Corporate Taxes 187。A) 187。 cost of goods sold 187。 2021 Pearson Education, Inc. Publishing as Prentice Hall 7 GPC Balance Sheet on December 31 Copyright 169。 2021 Pearson Education, Inc. Publishing as Prentice Hall 5 The Balance Sheet ? Summarizes a firms assets, liabilities, and owner’s equity at a moment in time ? Amounts measured at historical values and historical exchange rates ? Prepared according to GAAP, Generally Accepted Accounting Principles – GAAP modified occasionally by the Financial Accounting Standards Board ? Exchangelisted panies must ply with Securities and Exchange Commission (SEC) rules Copyright 169。 to impose restrictions of the managers of the firm – Provide a convenient templates for financial planning Copyright 169。 creditors of a firm about the current status and past performance – Provide a convenient way for owners amp。 Cash Mgmt. Copyright 169。 2021 Pearson Education, Inc. Publishing as Prentice Hall 2 Chapter 3 Contents ? Functions of Financial Statements ? Review of Financial Statement ? Market values v. Book Values ? Accounting v. Economic Measures of Ine ? Return on Shareholders v. Return on Book Equity ? Analysis Using Financial Ratios ? The Financial Planning Process ? Constructing a Financial Planning Model ? Growth amp。Copyright 169。 2021 Pearson Education, Inc. Publishing as Prentice Hall 1 Chapter 3: Managing Financial Health and Performance Objectives ?Purpose of Financial Planning ?Working Capital Management Copyright 169。 the Need for External Financing ? Working Capital Mgmt. ? Liquidity amp。 2021 Pearson Education, Inc. Publishing as Prentice Hall 3 Functions of Financial Statements ? Financial Statements: – Provide information to the owners amp。 creditors to set performance targets amp。 2021 Pearson Education, Inc. Publishing as Prentice Hall 4 Review of Financial Statements – Balance Sheets – Ine Statements – CashFlow Statements Copyright 169。 2021 Pearson Education, Inc. Publishing as Prentice Hall 6 The Balance Sheet ? Major Divisions: – Assets ? Current assets (less than a year) ? Longterm assets (longer than a year – Depreciation –Liabilities and Stockholder’s Equity ? Liabilities – Current Liabilities – Longterm debt ? Equity Copyright 169。 2021 Pearson Education, Inc. Publishing as Prentice Hall 8 The Ine Statement ? Summarizes the profitability of a pany during a time period ? Major Divisions: – Revenue amp。 Gross margin – General administrative and selling expenses (GSamp。 Operating ine – Debt service 187。 Net ine Copyright 169。 2021 Pearson Education, Inc. Publishing as Prentice Hall 10 GP C I n c o m e S t a t e m e n t f o r Y e a r E n d ing 2 x x 1Sa l e s re v e n u e s 2 0 0 . 0 C o s t o f g o o d s s o l d (1 1 0 . 0 ) * G r o s s m a r g i n 9 0 . 0 G e n s e l l , amp。 2021 Pearson Education, Inc. Publishing as Prentice Hall 11 The CashFlow Statement ? Show the cash that flowed into and from a firm in during a time period –Focuses attention on a firm’s cash situation ? A firm may be profitable and short of cash – Unlike the balance sheet and ine statement, cash flow statements are independent of accounting methods ? The IRS uses accounting ine to pute tax, so accounting rules have a second order effect on cash flows through taxes Copyright 169。 a c ti v i ti e s (9 0 . 0 ) D i v p a i d (1 0 . 0 ) + I n c s h o rt t e rm d e b t 9 4 . 6 * C a s h fl o w fr o m fi n a n c i n g 8 4 . 6 * * C h n g c a s h amp。 2021 Pearson Education, Inc. Publishing as Prentice Hall 13 GP C B a lan ce S h e e t a t D e c 3 1 , 2 x x 12xx0 2xx1 C h a n g eA s s e tsC a s h amp。b l e s e cs 1 0 0 . 0 1 2 0 . 0 2 0 . 0 R e ce i v a b l e s 5 0 . 0 6 0 . 0 1 0 . 0