Test Bank for Principles of Managerial Finance 13th Edition by Gitman

Product details:

• ISBN-10 ‏ : ‎ 0136119468
• ISBN-13 ‏ : ‎ 978-0136119463
• Author: Gitman

Gitman’s proven learning goal system—a hallmark feature of Principles of Managerial Finance—weaves pedagogy into concepts and practice, providing readers with a roadmap to guide them through the text and supplementary tools.

The thirteenth edition features new coauthor Chad Zutter of the University of Pittsburgh who brings his contemporary thinking and pedagogy to the text.

Table contents:

Part One 
Introduction to Managerial Finance 1 
Chapter 1 
The Role and Environment of Managerial Finance 2 
1.1Finance and Business 3 
What Is Finance? 3 Major Areas and Opportunities in Finance 3 Legal Forms of Business Organization 4 Why Study Managerial Finance? 7 Review Questions 8 
1.2	The Managerial Finance Function 8 
Organization of the Finance Function 9 Relationship to Economics 9 Relationship to Accounting 10 Primary Activities of the Financial Manager 12 Review Questions 12 
1.3Goal of the Firm 13 
Maximize Profit? 13 Maximize Shareholder Wealth 14 Corporate Governance 15 The Role of Business Ethics 16 The Agency Issue 17 Review Questions 19 
1.4Financial Institutions and Markets 20 
Financial Institutions 20 Financial Markets 21 The Relationship between Institutions 
and Markets 21 The Money Market 21 The Capital Market 22 IN PRACTICE Focus on Practice: Berkshire Hathaway-Can Buffet Be Replaced? 26 Review Questions 27 
1.5Business Taxes 27 
Ordinary Income 27 Capital Gains 30 Review Questions 30 Summary 30 Self-Test Problem 32 Warm-Up Exercises 32 Problems 34 Chapter 1 Case: Assessing the Goal 
of Sports Products, Inc. 37 Spreadsheet Exercise 38 Web Exercise 38 
xvi CONTENTS 
Chapter 2 
Financial Statements and Analysis 40 
2.1 The Stockholders' Report 41 
The Letter to Stockholders 41 The Four Key Financial Statements 42 Notes to the Financial Statements 48 
IN PRACTICE Focus on Practice: Is It Time to Change SOX? 49 Consolidating International Financial 
Statements 49 Review Questions 50 
2.2 Using Financial Ratios 50 
Interested Parties 50 Types of Ratio Comparisons 51 Cautions about Using Ratio Analysis 53 Categories of Financial Ratios 54 Review Questions 54 
2.3 Liquidity Ratios 54 
Current Ratio 54 Quick (Acid-Test) Ratio 55 Review Question 56 
2.4 Activity Ratios 56 
Inventory Turnover 56 Average Collection Period 57 Average Payment Period 58 Total Asset Turnover 58 Review Question 59 
2.5 Debt Ratios 59 
Debt Ratio 60 Times Interest Earned Ratio 61 
Chapter 3 
Cash Flow and Financial Planning 95 
3.1 Analyzing the Firm's Cash Flow 96 
Depreciation 96 Developing the Statement of Cash Flows 99 Operating Cash Flow 102 
Fixed-Payment Coverage Ratio 61Review Questions 62
2.6 Profitability Ratios 62 
Common-Size Income Statements 62 Gross Profit Margin 63 Operating Profit Margin 63 Net Profit Margin 64 Earnings per Share (EPS) 64 Return on Total Assets (ROA) 65 Return on Common Equity (ROE) 65 Review Questions 65 
2.7 Market Ratios 66 
Price/Earnings (P/E) Ratio 66 Market/Book (M/B) Ratio 66 Review Question 67 
2.8 A Complete Ratio Analysis 67 
Summarizing All Ratios 67 DuPont System of Analysis 71 Review Questions 74 
Summary 74 
Self-Test Problems 75 
Warm-Up Exercises 76 
Problems 78 
Chapter 2 Case: Assessing Martin 
Manufacturing's Current 
Financial Position 90 
Spreadsheet Exercise 92 
Web Exercise 94 
Free Cash Flow 105 IN PRACTICE Focus on Practice: Free Cash Flow at eBay 106 Review Questions 107 
3.2 The Financial Planning Process 107 
Long-Term (Strategic) Financial Plans 107 Short-Term (Operating) Financial Plans 108 Review Questions 108 
3.3Cash Planning: Cash Budgets 109 
The Sales Forecast 109 Preparing the Cash Budget 110 Evaluating the Cash Budget 115 Coping with Uncertainty in the Cash Budget 116 Review Questions 117 
3.4Profit Planning: Pro Forma Statements 117 
Preceding Year's Financial Statements 118 Sales Forecast 119 Review Question 119 
3.5Preparing the Pro Forma Income Statement 119 
Considering Types of Costs and Expenses 120 Review Questions 121 
CONTENTS xvii 
3.6Preparing the Pro Forma Balance Sheet 121 
Review Questions	123 
3.7Evaluation of Pro Forma Statements 123 
Review Questions 124 Summary 124 Self-Test Problems 126 Warm-Up Exercises 128 Problems 128 Chapter 3 Case: Preparing Martin 
Manufacturing's 2010 Pro Forma 
Financial Statements 137 Spreadsheet Exercise 138 Web Exercise 139 
Part Two 
Important Financial Concepts 141 
Chapter 4 
Time Value of Money 
4.1	The Role of Time Value in Finance 
Future Value versus Present Value Computational Tools Basic Patterns of Cash Flow Review Questions 
4.2	Single Amounts 
Future Value of a Single Amount Present Value of a Single Amount

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