Samenvatting Fundamentals of Corporate Finance

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ISBN-10 0273753460 ISBN-13 9780273753469
216 Flashcards en notities
14 Studenten
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Dit is de samenvatting van het boek "Fundamentals of Corporate Finance". De auteur(s) van het boek is/zijn Jonathan B Berk Peter M DeMarzo Jarrad V T Harford. Het ISBN van dit boek is 9780273753469 of 0273753460. Deze samenvatting is geschreven door studenten die effectief studeren met de studietool van Study Smart With Chris.

Samenvatting - Fundamentals of Corporate Finance

  • 2.3 Balance Sheet Analysis

  • How do you calculate Market-to-Book Ratio?
    Market Value of Equity devided by Book Value of Equity
  • How do you calculate Book Debt-to-Equity Ratio?
    Total Debt devided by Book Value of Total Equity
  • How do you calculate Market Debt-to-Equity Ratio?
    Total Debt devided by Market Value of Total Equity
  • How do you calculate Current Ratio?
    Current Assets devided by Current Liabilities
  • How do you calculate Quick Ratio?
    Current Assets - Inventory devided by Current Liabilities
  • 2.4 The Income Statement

  • How do you calculate a Gross/Net Profit/Operating -Margin?
    By deviding by Sales
  • How do you calculate the Leverage Ratio? (also Interest coverage ratio (TIE))
    Operating Income devided by Interest Expense
  • How do you calculate the Return on equity/assets?
    By deviding Net Income by Assets/Book Value of Equity
  • How do you calculate the Price-to-earnings ratio?
    Share Price divided by Earning per Share
  • How do you calculate Accounts receivable days?
    Account Receivable divided by Average Daily Sales
  • How do you calculate Fixed Asset Turnover?
    Sales divided by Fixed Assets
  • How do you calculate Total Asset Turnover
    Sales divided by Total Assets
  • How do you calculate Inventory Turnover?
    Costs of Goods Sold divided by Inventory
  • 5.1 Interest Rate Quotes and Adjustments

  • When you buy a car with borrowed money, of what is the interest the price?
    The price to be able to convert money paid in the future to a car right now
  • Why is it important to convert interest rates to the same time unit before comparison?
    Because you cannot compare a daily interest rate with a yearly interest rate 
  • What is a different name for the effective anual rate?
    The annual percentage yield
  • What is the effective annual rate?
    The effective interest paid in a year time unit
  • How do you calculate the equivalent interet rate at a different period length? E.g. EAR of r to monthly, or 5 yearly?
    (1+r)^n - 1
    So for monthly n=1/12
    For 5 yearly n=5
  • In what term is the common way to quote interest rates?
    Annual percentage rate
  • What does the annual percentage rate do with compounding?
    It doesn't take it into account
  • What is the actual effective interest rate of a 6% APR compounded monthly?
    6/12 = 0.5 monthly interest
    1.005^12 - 1 = 6.17% after 12 month
  • Can the APR be used as a discount rate?
    No, you have to take compounding into account
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