企业并购财务报表分析外文文献翻译.docx

毕业设计（论文）外文翻译 外文题目: Enterprise merger and acquisition analysis of financial statements 译文题目：企业并购财务报表分析 文献出处「 《The modern enterprise firmncial management》 外文作者： James C.Van Horne 字数统计：英文2907单词，14875字符；中文4855汉字 外文文献: Enterprise merger and acquisition analysis of financial statements Corporate mergers and acquisitions have become a major form of capital operation. Enterprise use of this mode of operation to achieve the capital cost of the external expansion of production and capital concentration to obtain synergies, enhancing competitiveness, spread business plays a very important role. M A process involves a lot of financial problems and solve financial problems is the key to successful mergers and acquisitions. Therefore, it appears in merger analysis of the financial problems to improve the efficiency of M Finance has an important practical significance. We need to use financial ratios in analyzing financial statements. The analysis of comparative financial statements cannot be made really effective unless it takes the form of a study of relationships between items in the statements. It is of little value, for example, to know that, on a given date, the Smith Company has a cash balance of Sloooo. But suppose we know that this balance is only -IV per cent of all current liabilities whereas a year ago cash was 25 per cent of all current liabilities- Since the bankers for the company usually require a cash balance against bank lines, used or unused, of 20 per cent, we can see at once that the firms cash condition is exhibiting a questionable tendency. Saving transaction costs. M A market is essentially an alternative organization to realize the internalization of external transactions, as appropriate under the terms of trade, business organizations, the cost may be lower than in the market for the same transaction costs, thereby reducing production and operation the transaction costs. To reduce agency costs. When the business separation of ownership and management