Toc: Brief Contents......Page 10Contents......Page 14Preface......Page 24Part 1: The Company and Its Environment......Page 38Ch 1: An Overview of Financial Management and the Financial Environment......Page 401-2: Finance from 40,000 Feet Above......Page 411-3: The Corporate Life Cycle......Page 421-4: Governing a Corporation......Page 471-5: An Overview of Financial Markets......Page 511-6: Claims on Future Cash Flows: Types of Financial Securities......Page 531-7: Claims on Future Cash Flows: The Required Rate of Return (The Cost of Money)......Page 571-8: The Functions of Financial Institutions......Page 611-9: Financial Markets......Page 661-10: Overview of the U.S. Stock Markets......Page 701-11: Trading in the Modern Stock Markets......Page 711-12: Finance and the Great Recession of 2007......Page 791-13: The Big Picture......Page 89Summary......Page 90Questions......Page 91Mini Case......Page 92Ch 2: Financial Statements, Cash Flow, and Taxes......Page 942-1: Financial Statements and Reports......Page 952-2: The Balance Sheet......Page 962-3: The Income Statement......Page 992-4: Statement of Stockholders' Equity......Page 1022-5: Statement of Cash Flows......Page 1032-7: Free Cash Flow: The Cash Flow Available for Distribution to Investors......Page 1072-8: Performance Evaluation......Page 1152-9: The Federal Income Tax System......Page 121Summary......Page 126Self-Test Problem......Page 128Problems......Page 129Spreadsheet Problems......Page 132Mini Case......Page 134Ch 3: Analysis of Financial Statements......Page 1383-1: Financial Analysis......Page 1393-2: Liquidity Ratios......Page 1413-3: Asset Management Ratios......Page 1433-4: Debt Management Ratios......Page 1463-5: Profitability Ratios......Page 1513-6: Market Value Ratios......Page 1533-7: Trend Analysis, Common Size Analysis, and Percentage Change Analysis......Page 1573-8: Tying the Ratios Together: The DuPont Equation......Page 1603-9: Comparative Ratios and Benchmarking......Page 1613-10: Uses and Limitations of Ratio Analysis......Page 1623-11: Looking beyond the Numbers......Page 163Questions......Page 164Problems......Page 165Spreadsheet Problem......Page 169Mini Case......Page 170Selected Additional Cases......Page 173Part 2: Fixed Income Securities......Page 174Ch 4: Time Value of Money......Page 1764-1: Time Lines......Page 1774-2: Future Values......Page 1784-3: Present Values......Page 1864-4: Finding the Interest Rate, I......Page 1904-6: Perpetuities......Page 1914-7: Annuities......Page 1924-8: Future Value of an Ordinary Annuity......Page 1934-9: Future Value of an Annuity Due......Page 1964-10: Present Value of Ordinary Annuities and Annuities Due......Page 1974-11: Finding Annuity Payments, Periods, and Interest Rates......Page 1994-12: Uneven, or Irregular, Cash Flows......Page 2024-13: Future Value of an Uneven Cash Flow Stream......Page 2054-14: Sol