企业财务分析.pptVIP

Theory Slide (1-2 min): Reference Hint: For the turnover ratios, the balance sheet account is always in the denominator. Note the switch from Sales to COGS for inventory and payables turnovers. Explain the intuition behind the switch. Theory Slide (1-2 min): Reference Note that each ratio has the same structure. Question Slide (3-5 min). Instructor should be about here after 30 minutes. Theory Slide (3-4 min) This is a graphic illustration of the cash conversion cycle, which uses the processing periods to analyze how quickly the firm converts inventory to cash. First, inventory is purch