专业英语note chap6第六章财务报表分析章节大纲化比率杜邦身份使用.pdfVIP

Chapter Outline ⚫ Standardized Financial Statements ⚫ Ratio ysis ⚫ The Du Pont Identity ⚫ Using Financial Statement Information 1 Standardized Financial Statements ⚫ Common-Size Balance Sheets ⚫ Compute all accounts as a percent of total assets ⚫ Common-Size e Statements ⚫ Compute all line items as a percent of sales ⚫ Standardized statements make it easier to compare financial information, particularly as the grows ⚫ They are also useful for comparing companies of different sizes, particularly within the same industry 2 Ratio ysis ⚫ Ratios also allow for better comparison through time or between companies ⚫ As we look at each ratio, ask yourself what the ratio is trying to measure and why is that information important ⚫ Ratios are used both internally and externally 3 Categories of Financial Ratios ⚫ Short-term solvency or liquidity ratios ⚫ Long-term solvency or financial leverage ratios ⚫ Asset management or turnover ratios ⚫ Profitability ratios ⚫ Market value ratios 4 Sample Balance Sheet Numbers in thousands Cash 6,489 A/P 340,220 A/R 1,052,606 N/P 86,631 Inventory 295,255 Other CL 1,098,602 Other CA 199,375 Total CL 1,525,453 Total CA 1,553,725 ebt 871,851 FA 2,535,072 C/S 1,691,493 Total Assets 4,088,797 Total Liab. 4,088,797