Lecture 5 Capital Budgeting Under Certainty 公司金融 教学课件.pdf

Income Statement Balance Sheet Assets Liabilities Sales Accounts Receivable Accounts Payable − Cost of Goods Sold (COGS) Inventories   − Operang Expense (Selling, general, and admin.) = Operating Profit (EBITDA) PPE − Depreciaon = EBIT Inerest Expense Pretax Income − Tax