Test Bank for Principles of Managerial Finance 13th Edition by Gitman
Product details:
- ISBN-10 : 0136119468
- ISBN-13 : 978-0136119463
- Author: Gitman
Gitmans proven learning goal systema hallmark feature of Principles of Managerial Financeweaves pedagogy into concepts and practice, providing readers with a roadmap to guide them through the text and supplementary tools.
The thirteenth edition features new coauthor Chad Zutter of the University of Pittsburgh who brings his contemporary thinking and pedagogy to the text.
Table contents:
Part One Introduction to Managerial Finance 1 Chapter 1 The Role and Environment of Managerial Finance 2 1.1Finance and Business 3 What Is Finance? 3 Major Areas and Opportunities in Finance 3 Legal Forms of Business Organization 4 Why Study Managerial Finance? 7 Review Questions 8 1.2 The Managerial Finance Function 8 Organization of the Finance Function 9 Relationship to Economics 9 Relationship to Accounting 10 Primary Activities of the Financial Manager 12 Review Questions 12 1.3Goal of the Firm 13 Maximize Profit? 13 Maximize Shareholder Wealth 14 Corporate Governance 15 The Role of Business Ethics 16 The Agency Issue 17 Review Questions 19 1.4Financial Institutions and Markets 20 Financial Institutions 20 Financial Markets 21 The Relationship between Institutions and Markets 21 The Money Market 21 The Capital Market 22 IN PRACTICE Focus on Practice: Berkshire Hathaway-Can Buffet Be Replaced? 26 Review Questions 27 1.5Business Taxes 27 Ordinary Income 27 Capital Gains 30 Review Questions 30 Summary 30 Self-Test Problem 32 Warm-Up Exercises 32 Problems 34 Chapter 1 Case: Assessing the Goal of Sports Products, Inc. 37 Spreadsheet Exercise 38 Web Exercise 38 xvi CONTENTS Chapter 2 Financial Statements and Analysis 40 2.1 The Stockholders' Report 41 The Letter to Stockholders 41 The Four Key Financial Statements 42 Notes to the Financial Statements 48 IN PRACTICE Focus on Practice: Is It Time to Change SOX? 49 Consolidating International Financial Statements 49 Review Questions 50 2.2 Using Financial Ratios 50 Interested Parties 50 Types of Ratio Comparisons 51 Cautions about Using Ratio Analysis 53 Categories of Financial Ratios 54 Review Questions 54 2.3 Liquidity Ratios 54 Current Ratio 54 Quick (Acid-Test) Ratio 55 Review Question 56 2.4 Activity Ratios 56 Inventory Turnover 56 Average Collection Period 57 Average Payment Period 58 Total Asset Turnover 58 Review Question 59 2.5 Debt Ratios 59 Debt Ratio 60 Times Interest Earned Ratio 61 Chapter 3 Cash Flow and Financial Planning 95 3.1 Analyzing the Firm's Cash Flow 96 Depreciation 96 Developing the Statement of Cash Flows 99 Operating Cash Flow 102 Fixed-Payment Coverage Ratio 61Review Questions 62 2.6 Profitability Ratios 62 Common-Size Income Statements 62 Gross Profit Margin 63 Operating Profit Margin 63 Net Profit Margin 64 Earnings per Share (EPS) 64 Return on Total Assets (ROA) 65 Return on Common Equity (ROE) 65 Review Questions 65 2.7 Market Ratios 66 Price/Earnings (P/E) Ratio 66 Market/Book (M/B) Ratio 66 Review Question 67 2.8 A Complete Ratio Analysis 67 Summarizing All Ratios 67 DuPont System of Analysis 71 Review Questions 74 Summary 74 Self-Test Problems 75 Warm-Up Exercises 76 Problems 78 Chapter 2 Case: Assessing Martin Manufacturing's Current Financial Position 90 Spreadsheet Exercise 92 Web Exercise 94 Free Cash Flow 105 IN PRACTICE Focus on Practice: Free Cash Flow at eBay 106 Review Questions 107 3.2 The Financial Planning Process 107 Long-Term (Strategic) Financial Plans 107 Short-Term (Operating) Financial Plans 108 Review Questions 108 3.3Cash Planning: Cash Budgets 109 The Sales Forecast 109 Preparing the Cash Budget 110 Evaluating the Cash Budget 115 Coping with Uncertainty in the Cash Budget 116 Review Questions 117 3.4Profit Planning: Pro Forma Statements 117 Preceding Year's Financial Statements 118 Sales Forecast 119 Review Question 119 3.5Preparing the Pro Forma Income Statement 119 Considering Types of Costs and Expenses 120 Review Questions 121 CONTENTS xvii 3.6Preparing the Pro Forma Balance Sheet 121 Review Questions 123 3.7Evaluation of Pro Forma Statements 123 Review Questions 124 Summary 124 Self-Test Problems 126 Warm-Up Exercises 128 Problems 128 Chapter 3 Case: Preparing Martin Manufacturing's 2010 Pro Forma Financial Statements 137 Spreadsheet Exercise 138 Web Exercise 139 Part Two Important Financial Concepts 141 Chapter 4 Time Value of Money 4.1 The Role of Time Value in Finance Future Value versus Present Value Computational Tools Basic Patterns of Cash Flow Review Questions 4.2 Single Amounts Future Value of a Single Amount Present Value of a Single Amount
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