Product Description:
Gitman's hallmark student-friendly style, real-world examples, cross-discipline approach, and updated software give students an interesting and realistic perspective of managerial finance. As in previous editions, Gitman's proven learning system in the Ninth Edition makes it easy for students to understand and fully appreciate the key concepts, tools, and techniques needed for astute financial decision making in today's competitive business arena. The author's reliable and consistent framework defines learning goals at the start of each chapter and incorporates a diverse group of pedagogical aids, using real-world examples and exercises to foster students' comprehension of both theory and practice. *Gitman's enhanced teaching/learning system is anchored in a set of proven learning goals, which are marked by an icon, so that students will know what material they must learn. The accessible learning system integrates pedagogy and color with concepts and practical applications *Four to five new end of chapter problems per chapter; plus, all problems in the ninth edition have level ...
Table of Contents
Copyright
The Addison-Wesley Series in Finance
Gitman’s Proven Teaching/Learning System
Preface
Acknowledgments
To the Student
Part One. Introduction to Managerial Finance
1. The Role and Environment of Managerial Finance
1.1. Finance and Business
1.2. The Managerial Finance Function
1.3. Goal of the Firm
1.4. Financial Institutions and Markets
1.5. Business Taxes
1.6. Using This Text
Summary
Self-Test Problem (Solution in Appendix B)
Warm-Up Exercises
Problems
Chapter 1 Case: Assessing the Goal of Sports Products
Spreadsheet Exercise
Group Exercise
Web Exercise 2. Financial Statements and Analysis
2.1. The Stockholders’ Report
2.2. Using Financial Ratios
2.3. Liquidity Ratios
2.4. Activity Ratios
2.5. Debt Ratios
2.6. Profitability Ratios
2.7. Market Ratios
2.8. A Complete Ratio Analysis
Summary
Self-Test Problems (Solutions in Appendix B)
Warm-Up Exercises
Problems
Chapter 2 Case: Assessing Martin Manufacturing’s Current Financial Position
Spreadsheet Exercise
Group Exercise
Web Exercise 3. Cash Flow and Financial Planning
3.1. Analyzing the Firm’s Cash Flow
3.2. The Financial Planning Process
3.3. Cash Planning: Cash Budgets
3.4. Profit Planning: Pro Forma Statements
3.5. Preparing the Pro Forma Income Statement
3.6. Preparing the Pro Forma Balance Sheet
3.7. Evaluation of Pro Forma Statements
Summary
Self-Test Problems (Solutions in Appendix B)
Warm-Up Exercises
Problems
Chapter 3 Case: Preparing Martin Manufacturing’s 2007 Pro Forma Financial Statements
Spreadsheet Exercise
Group Exercise
Web Exercise
Integrative Case 1: Track Software, Inc.
Part Two. Important Financial Concepts
4. Time Value of Money
4.1. The Role of Time Value in Finance
4.2. Single Amounts
4.3. Annuities
4.4. Mixed Streams
4.5. Compounding Interest More Frequently than Annually
4.6. Special Applications of Time Value
Summary
Self-Test Problems (Solutions in Appendix B)
Warm-Up Exercises
Problems
Chapter 4 Case: Funding Jill Moran’s Retirement Annuity
Spreadsheet Exercise
Group Exercise
Web Exercise 5. Risk and Return
5.1. Risk and Return Fundamentals
5.2. Risk of a Single Asset
5.3. Risk of a Portfolio
5.4. Risk and Return: The Capital Asset Pricing Model (CAPM)
6. Interest Rates and Bond Valuation
6.1. Interest Rates and Required Returns
6.2. Corporate Bonds
6.3. Valuation Fundamentals
6.4. Bond Valuation
7. Stock Valuation
7.1. Differences Between Debt and Equity Capital
7.2. Common and Preferred Stock
7.3. Common Stock Valuation
7.4. Decision Making and Common Stock Value
Part Three. Long-Term Investment Decisions
8. Capital Budgeting Cash Flows
8.1. The Capital Budgeting Decision Process
8.2. The Relevant Cash Flows
8.3. Finding the Initial Investment
8.4. Finding the Operating Cash Inflows
8.5. Finding the Terminal Cash Flow
8.6. Summarizing the Relevant Cash Flows
9. Capital Budgeting Techniques
9.1. Overview of Capital Budgeting Techniques
9.2. Payback Period
9.3. Net Present Value (NPV)
9.4. Internal Rate of Return (IRR)
9.5. Comparing NPV and IRR Techniques
Web Exercise 10. Risk and Refinements in Capital Budgeting
10.1. Introduction to Risk in Capital Budgeting
10.2. Behavioral Approaches for Dealing with Risk
10.3. International Risk Considerations
10.4. Risk-Adjusted Discount Rates
10.5. Capital Budgeting Refinements
Four. Long-Term Financial Decisions
11. The Cost of Capital
11.1. An Overview of the Cost of Capital
11.2. The Cost of Long-Term Debt
11.3. The Cost of Preferred Stock
11.4. The Cost of Common Stock
11.5. The Weighted Average Cost of Capital
11.6. The Marginal Cost and Investment Decisions
12. Leverage and Capital Structure
12.1. Leverage
12.2. The Firm’s Capital Structure
12.3. The EBIT–EPS Approach to Capital Structure
12.4. Choosing the Optimal Capital Structure
Summary
Self-Test Problems (Solutions in Appendix B)
Warm-Up Exercises
Problems
Chapter 12 Case: Evaluating Tampa Manufacturing’s Capital Structure
Spreadsheet Exercise
Group Exercise
Web Exercise 13. Dividend Policy
13.1. Dividend Fundamentals
13.2. The Relevance of Dividend Policy
13.3. Factors Affecting Dividend Policy
13.4. Types of Dividend Policies
13.5. Other forms of Dividends
14. Working Capital and Current Assets Management
14.1. Net Working Capital Fundamentals
14.2. The Cash Conversion Cycle
14.3. Inventory Management
14.4. Accounts Receivable Management
14.5. Management of Receipts and Disbursements
15. Current Liabilities Management
15.1. Spontaneous Liabilities
15.2. Unsecured Sources of Short-Term Loans
15.3. Secured Sources of Short-Term Loans
Summary
Self-Test Problem (Solution in Appendix B)
Six. Special Topics in Managerial Finance
16. Hybrid and Derivative Securities
16.1. An Overview of Hybrids and Derivatives
16.2. Leasing
16.3. Convertible Securities
16.4. Stock Purchase Warrants
16.5. Options
17. Mergers, LBOs, Divestitures, and Business Failure
17.1. Merger Fundamentals
17.2. LBOs and Divestitures
17.3. Analyzing and Negotiating Mergers
17.4. Business Failure Fundamentals
17.5. Reorganization and Liquidation in Bankruptcy
Summary
Self-Test Problems (Solutions in Appendix B)
Warm-Up Exercises
Problems
Chapter 17 Case: Deciding Whether to Acquire or Liquidate Procras Corporation
Spreadsheet Exercise
Group Exercise
Web Exercise 18. International Managerial Finance
18.1. The Multinational Company and its Environment
18.2. Financial Statements
18.3. Risk
18.4. Long-Term Investment and Financing Decisions
18.5. Short-Term Financial Decisions
18.6. Mergers and Joint Ventures
Summary
Self-Test Problem (Solution in Appendix B)
Warm-Up Exercises
Problems
Chapter 18 Case: Assessing a Direct Investment in Chile by U.S. Computer Corporation
Spreadsheet Exercise
Group Exercise
Web Exercise
Integrative Case 6: Organic Solutions
A. Financial Tables
Using the Calculator to Compute the Future Value of a Single Amount
Using the Calculator to Compute the Present Value of a Single Amount
Using the Calculator to Compute the Future Value of an Ordinary Annuity
Using the Calculator to Compute the Present Value of an Annuity
B. Solutions to Self-Test Problems
Chapters 1 to 18
C. Answers to Selected End-of-Chapter Problems
Credits
Frequently Used Symbols and Abbreviations
Glossary
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