AnalysisofFinancialStatements幻灯片.pptVIP

Analysis of Financial Statements;Balance Sheet: Assets;Balance Sheet: Liabilities and Equity;Income Statement;Other Data;Why are ratios useful?;Five Major Categories of Ratios and the Questions They Answer;D’Leon’s Forecasted Current Ratio and Quick Ratio for 2013;Comments on Liquidity Ratios;D’Leon’s Inventory Turnover vs. the Industry Average;Fixed Assets and Total Assets Turnover Ratios vs. the Industry Average;Evaluating the FA Turnover (S/Net FA) and TA Turnover (S/TA) Ratios;Calculate the Debt Ratio and Times-Interest-Earned Ratio;D’Leon’s Debt Management Ratios vs. the Industry Averages;Profitability Ratios: Operating Margin, Profit Margin, and Basic Earning Power;Appraising Profitability with Operating Margin, Profit Margin, and Basic Earning Power;Appraising Profitability with Operating Margin, Profit Margin, and Basic Earning Power;Profitability Ratios: Return on Assets and Return on Equity;Appraising Profitability with ROA and ROE;Effects of Debt on ROA and ROE;Problems with ROE;Calculate the Price/Earnings and Market/Book Ratios;Analyzing the Market Value Ratios;The DuPont Equation;DuPont Equation: Breaking Down Return on Equity;An Example:The Effects of Improving Ratios;Reducing Accounts Receivable and the Days Sales Outstanding;Effect of Reducing Receivables on Balance Sheet and Stock Price;Potential Uses of Freed Up Cash;Potential Problems and Limitations of Financial Ratio Analysis;More Issues Regarding Ratios;Consider Qualitative Factors When Evaluating a Company’s Future Financial Performance