lls_5e_chapter_14Additionalresources精选.ppt

AnalyzingFinancialStatements Chapter 14 Understanding The Business Understanding The Business Learning Objectives Understanding a Company’s Strategy Understanding a Company’s Strategy Learning Objectives Financial Statement Analysis Financial Statement Analysis Financial Statement Analysis Financial Statement Analysis Ratio and Percentage Analyses Learning Objectives Component Percentages Component Percentages Component Percentages Component Percentages Component Percentages Commonly Used Ratios Comparative Statements Comparative Statements Learning Objectives Tests of Profitability Return on Equity Return on Assets Financial Leverage Percentage Earnings per Share (EPS) Quality of Income Quality of Income Profit Margin Fixed Asset Turnover Learning Objectives Tests of Liquidity Cash Ratio Current Ratio Quick Ratio (Acid Test) Receivable Turnover Average Age of Receivables Inventory Turnover Average Days’ Supply in Inventory Accounts Payable Turnover Average Age of Payables Learning Objectives Tests of Solvency Times Interest Earned Cash Coverage Cash Coverage Debt-to-Equity Ratio Learning Objectives Market Tests Price/Earnings (P/E) Ratio Dividend Yield Ratio Interpreting Ratios Other Financial Information Efficient Markets End of Chapter 14 On this screen, you see the liabilities and equity sections of Home Depot’s balance sheets for both 2004 and 2003. On your screen, you see the asset section of Home Depot’s balance sheets for both 2004 and 2003. The 2004 and 2003 balance sheets for Home Depot are presented on the next two slides. We will be referring to the balance sheets as well as the income statement throughout the ratio analyses. Our fourth learning objective in Chapter 14 is to compute and interpret profitability ratios. Our sixth learning objective in Chapter 14 is to compute and interpret solvency ratios. Our seventh learning objective in Chapter 14 is to compute and interpret market test r