4财务管理专业英语.pptxVIP

4. Financial Ratio Analysis;4. Financial Ratio Analysis;4. Financial Ratio Analysis;Analyzing Financial Ratios;Analyzing Financial Ratios;Analyzing Financial Ratios;Analyzing Financial Ratios;4.2 Liquidity Ratios;4.2 Liquidity Ratios;4.2 Liquidity Ratios;4.2.1 Current ratio;4.2.1 Current ratio;4.2.1 Current ratio;4.2.1 Current ratio;4.2.1 Current ratio;4.2.1 Current ratio;4.2.1 Current ratio;4.2.1 Current ratio;4.2.1 Current ratio;4.2.1 Current ratio;4.2.1 Current ratio;Latter ;4.2.1 Current ratio;4.2.2 Quick ratio;4.2.2 Quick ratio;4.2.2 Quick ratio;For example, suppose a firm’s current ratio has been fairly stable and consistent with industry averages over the past three years. But during the same period, the firm’s quick ratio has declined and is now below industry averages.;4.2.2 Quick ratio;4.2.3 Cash ratio;4.2.3 Cash ratio;4.3 Debt Management Ratios;4.3 Debt Management Ratios;4.3 Debt Management Ratios;4.3.1 Debt Ratio;4.3.1 Debt Ratio;4.3.2 Long-term Debt Ratio;4.3.2 Long-term Debt Ratio;4.3.2 Long-term Debt Ratio;4.3.2 Long-term Debt Ratio;4.3.2 Long-term Debt Ratio;In fact, the possibility exists that a firm with a higher debt ratio could actually in a stronger position to service the firm’s debt due to stronger earnings and cash flows than a firm with a lower debt ratio and weaker earnings.;4.3.3 Interest Coverage Ratio;4.3.3 Interest Coverage Ratio;4.3.4 Cash Flow Coverage Ratio;4.4 Asset Management Ratios;Credit sales;Net sales;Credit terms;Trade Discounts;Accounts receivable turnover ratio=;Managers should analyze the tradeoff between any increased sales from a more lenient credit policy and the associated costs of longer collection periods and more uncollected receivables to determine whether changing the firm’s credit sales policy could increase shareholder’s wealth.;Write off receivables-(1);Write off receivables-(2);Write off receivables-(3);举 例; Collection period= 365 accounts receivable Turnover ratio;Collection period= 365 credit