CP

Financial Statement Forecasting: The Percent of Sales Method 423 percent for MicroDrive versus 11.4 percent for the industry ave ...

424 CHAPTER 11 Financial Planning and Forecasting Financial Statements different sales growth rates, and analyzed the results to ...

The AFN Formula 425 L* liabilities that increase spontaneously. L* is normally much less than total liabilities (L). Spontaneou ...

426 CHAPTER 11 Financial Planning and Forecasting Financial Statements Note that Equation 11-1 provides an accurate forecast onl ...

Forecasting Financial Requirements 427 lumpy assets.In the paper industry, for example, there are strong economies of scale in b ...

428 CHAPTER 11 Financial Planning and Forecasting Financial Statements capacity, so a small projected sales increase would bring ...

Questions 429 could occur with respect to inventories, and the required additions would be deter- mined in exactly the same mann ...

430 CHAPTER 11 Financial Planning and Forecasting Financial Statements d.Additional funds needed (AFN); AFN formula; capital int ...

Problems 431 Van Auken Lumber: Income Statement for December 31, 2002 (Thousands of Dollars) Sales $36,000 Operating costs 30,78 ...

432 CHAPTER 11 Financial Planning and Forecasting Financial Statements Upton Computers makes bulk purchases of small computers, ...

Problems 433 a.Suppose 2003 sales are projected to increase by 15 percent over 2002 sales. Determine the additional funds needed ...

434 CHAPTER 11 Financial Planning and Forecasting Financial Statements The Booth Company’s sales are forecasted to increase from ...

Mini Case 435 A. 2002 BALANCESHEET(MILLIONSOFDOLLARS) Percent Percent of Sales of Sales Cash and securities $ 20 1% Accounts pay ...

436 CHAPTER 11 Financial Planning and Forecasting Financial Statements Assume that you were recently hired as Wilson’s assistant ...

Selected Additional References and Cases 437 Selected Additional References and Cases The heart of successful financial planning ...

Corporate Valuation, Value-Based Management, and Corporate Governance 438 12 If you had invested $1,000 in the NYSE Composite In ...

Overview of Corporate Valuation 439 As we have emphasized throughout the book, maximizing shareholder value should be management ...

440 CHAPTER 12 Corporate Valuation, Value-Based Management, and Corporate Governance management is making sure that managers foc ...

The Corporate Valuation Model 441 We see, then, that for most companies operating assets are far more important than nonoperatin ...

442 CHAPTER 12 Corporate Valuation, Value-Based Management, and Corporate Governance nonoperating assets. Here is the equation f ...