公司金融susie整合(缺计算).doc

题型 1’=20’） 2、名词解释（5*3’=15’） 3、简答（3*5’=15’）Critical Thinking and Concepts Review 题号可被 4、计算（5*10’=50’） Chapter Review and Self-test Problem — Answer [仅题型] Current ratio Quick ratio Cash ratio Inventory turnover Receivables turnover Days’ sales in inventory Days’ sales in receivables Total debt ratio Times interest earned ratio Cash coverage ratio （）涉及房子、股票、债券、现金流价格 第一章 1. Agency problem The possibility of conflict of interest between the owners and management of a firm. 2. Stakeholder Someone other than a stockholder or creditor who potentially has a claim on the cash flows of the firm.第二章 3. Net working capital Current assets less current liabilities. 4. Noncash items Expenses charged against revenues that do not directly affect cash flow, such as depreciation. 5. Average tax rate Ttaxes paid divided by total taxable income. 6. Marginal tax rate Amount of tax payable on the next dollar earned. 7. Cash flow from assets The total of cash flow to creditors and cash flow to stockholders, consisting of the following: operating cash flow, capital spending, and change in net working capital. 8. Cash flow to creditors[计算] A firm’s interest payments to creditors less net new borrowings. 9. Cash flow to stockholders[计算] Dividends paid out by a firm less net new equity raised. 第三章 -size statement A standardized financial statement presenting all items in percentage terms. Balance sheet items are shown as a percentage of assets and income statement items as a percentage of sales. 11. Du Pont identity Popular expression breaking ROE into three parts: operating efficiency, asset use efficiency, and financial leverage. 12. Internal growth rate The maximum possible growth rate for a firm that relies only on internal financing. 13. Sustainable growth rate The maximum possible growth rate for a firm that maintains a constant debt ratio and doesn’t sell new stock. 第四章 14. Future value (FV) The amount an investment is worth after one or more periods. 15. Compound interest Interest earn