Friday, October 2, 2009

2 October 2009 plus Forbes.Com Link

Notes on Financial Lecture


Budgeting

     Yearly Budgets

     Capital Budgets
(These are for buying new equipment.  These budgets fall outside of the year to year operational budgets)


Financial Statements

    Balance Sheet

    Income Statement

    Cash Flow


Ratio Analysis

    Liquidity Ratios

         Current Ratio: Curr Assets /
                               Curr Liabilities

         Acid Test Ratio: Liquid Assets /
                                  Curr. Liabilities

    Debt Ratios

          Leverage Ratio: Total Liabilities /
                                   Total Assets

         Debt to Equity: Total Liabilities /
                                 Total Equity

     Capitalization Ratios

          Long Term Liabilities /
         Total Shares of Common Stock


     Growth Measures

          Growth of Revenue:

               Curr period(mth,qtr,yr) Net Rev – Prev Per Net Rev /
               Previous Period Net Revenue

          Growth of Operating Income

              Curr period(mth,qtr,yr) Net Inc– Prev Per Net Income /
              Previous Period Net Income

          Growth of Net Worth (Owner’s Equity)

              Curr period(mth,qtr,yr) Net Worth– Prev Per Net Worth /
              Previous Period Net Worth

          Growth of Assets

              Curr period(mth,qtr,yr) Total Assets– Prev Per Total Assets /
              Previous Period Total Assets


    Profitablility Measures

           Return on Sales: Net Income/
                                    Total Revenues

           Return on Assets: Net Income/
                                       Total Revenues

           Return on Equity: Net Income/
                                      Owner’s Equity

           Price-Earnings (PE) Ratio: Market Price of a share of common stock /
                                                    Earnings Per Share


     Profit Margins

           Cash Flow Margin: Cash Flow (AfterTax Net Income+Interest/Deprecication/Amortization) /
                                             Net Rev (Revenues – Operating Expenses)

           Net Profit Margin: Net Income (Revenues – Expenses & Taxes) /
                                             Net Rev (Gross Revenues Less Commissions)

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