公司金融复习公式.docxVIP

精选范本,供参考！ 公司金融复习 第二章：财务报表、税收和现金表 The balance sheet(资产负债表) Assets= Liabilities + shareholders’ equity Assets: current assets; fixed assets Current assets: cash; accounts receivable; inventory Liabilities: current liabilities; long-term debt Current Liabilities:Accounts payable; Notes payable Owners’ equity: common stock and paid-in surplus; retained earnings The income statement(损益表) Revenues – expenses = income EBIT= net sales – cost of goods sold – depreciation Taxable income = EBIT – interest paid Net income = taxable income – taxes=dividends + addition to retained earnings Earnings per share = net income/ total shares outstanding Dividends per share = total dividends/ total shares outstanding Average versus Marginal Tax Rates(平均税率和边际税率) Average tax rate=total taxes paid/ total taxable income Marginal tax rate: the amount of tax payable on the next dollar earned Cash flow(现金流量) NWC=current assets-current liabilities Cash flow from assets = cash flow to creditors + cash flow to stockholders Cash flow from assets = operating cash flow-net investment in fixed assets-change in NWC operating cash flow=EBIT +depreciation-taxes net investment in fixed asset=ending net fixed assets-beginning net fixed assets + depreciation change in NWC=ending NWC – beginning NWC cash flow to creditors=interesting paid – net new borrowing cash flow to stockholders=dividends paid – net new equity raised 第三章：与财务报表相关的工作 Standardized financial statements(标准化的财务报表) Common-Size Balance sheets(共同比报表) ：用百分比代替具体金额的报表 Common-Size Income sheets(共同比损益表) ：同上 Ratio analysis (比率分析) 短期偿债能力比率 Current ratio = current assets / current liabilities(流动比率) Quick ratio = (current assets - inventory)/current liabilities(速动比率) Cash ratio = cash/current liabilities 长期偿债能力比率 Total debt ratio = (total assets – total equity)/total assets Debt-equity ratio=total debt/total equity Equity multiplier = total assets/ total equity Times interest earned=EBIT/interest 精选范本,供参考！ Cash coverage ratio= (EBIT+ depreciation)/intere