Formula Sheet

Formula Sheet - Ernest Fletcher, Jr. Chapter 2 = Pt - Pt-1...

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Unformatted text preview: Ernest Fletcher, Jr. Chapter 2 = Pt - Pt-1 + C Pt-1 Formula Sheet FIN 3310 Chapter 3 = = = = = = Liabilities + Shareholder's Equity Revenues Expenses Net Income Cash Dividends Earnings before interest and taxes + depreciation + amortization expense cash taxes investment in net operating working capital investment in long-term assets Increase in current assets decrease non interest bearing current liabilities Ending net fixed assets (Beginning net fixed assets Depreciation expense) = Ending net other LT Assets (Beginning net other LT Assets Amortization expense) = Net interest paid + Net new borrowing by the firm Dividends paid + Net new equity raised by the firm Chapter 13 = F P-V F = 1 - V P = Q(P - V) %EBIT S-V CM = = = Q(P - V) - F S-V -F EBIT %Sales Q(P - V) - F %EPS S-V-F EBIT = Q(P - V) - F - I = = S-V -F-I EBIT- I %EBIT = = DOL x DFL = = S-V S-V-F-I %EBIT %EPS x %Sales %EBIT = %EPS %Sales = Q(P - V) Q(P - V) - F - I = CM EBIT-I 1 = Net Income # of shares of common stock outstanding 2 Chapter 4 and Chapter 16 cash + marketable securities + accounts receivable current liabilities = = current assets current liabilities = = sales total assets credit sales accounts receivable sales net fixed assets accounts receivable (credit sales / 365) inventories (cost of goods sold / 365) = = = = cos t of goods sold inventories = accounts payable (cost of goods sold / 365) = accounts payable + salaries and wages payable + payables for other resource inputs (cost of sales + selling, general and administrative expenses)/365 sales - cost of sales net income = sales sales operating income = operating profit margin x total asset turnover total assets = = = operating income sales x total assets sales = net income x sales / shareholders' equity sales total assets total assets ROA net income x sales total assets x = sales total assets shareholders' equity 1 - debt ratio = = total debt total debt = total assets total equity = operating income interest expense = Days Sales Outstanding + Days Sales in Inventory Days of Payables Outstanding 3 = Price Price Earnings Per Share = = Earnings Per Share Book Value Per Share Price 4 Chapter 5 = net income sales A SL t S - t S t t = S S At = S t SL S - t S t S - S (1 + g) t ( ) NI D 1 t +1 t + 1 S NI t +1 t + 1 = Assets - Spontaneous Liabilities - Retained Earnings = 1 - dividends net income SL x - t x - S + x t S t At = S t ( ) NI D 1 t +1 t + 1 S NI t +1 t + 1 = A t ( g ) - SL t ( g ) - St ( 1+g ) ( ) D NI 1 t +1 t + 1 S NI t + 1 t +1 5 Chapter 6 = PV (1 + i)n = FV (1 + i) n i mn = PV 1 + m ( ) = + 1 mn i -1 m n = PMT + i ) - 1 i / (1 { } } 1 1 /i = PMT ( 1 + i) n 1 1 = PMT / i (1 + i) ( 1 + i) n n / (1 = PMT + i ) - 1 i ( 1 + i ) { = i PMT Chapter 8 1 1 (1+k ) n d $I t kd $M + n (1+k d ) $M + (1 + k d ) 2n 2 = n t=1 = n t=1 1 - 1 k d 2n (1 + ) $I t 2 kd 2 2 6 Chapter 7 = n rj x p = n j=1 n = 2 ^ r j - r j=1 n j x pj r = t=1 t n = n j=1 w jr j t=1 n j=1 r j 2 ^ r - n-1 = w j j = R f + j k m - R f ( ) = p = w 2 1 2 1 + w2 2 + 2w1w21,2 1 2 2 2 Chapter 9 = Dp kp D1 P1 + (1+k e ) (1+k e ) D1 ke - g = = = D0 (1+g) ke - g dividends net income 1 = P + g D e = ROE x r = ROE1 - 7 Chapter 10 = EBIT + Depr. Taxes = (R - O - Depr ) (1 T) + Depr NWC = (R - O Depr) (1 T) + Depr NWC + ATSV = [(Rw Rwo) (Ow Owo ) (Dw - Dwo)] (1 T) + (Dw - Dwo) NWC = [(Rw Rwo) (Ow Owo ) (Dw - Dwo)](1 T) + (Dw - Dwo) NWC + ATSV = NI + Depr. Chapter 11 = NINV / NCF = (1 + k )tt t =1 n NCF n NCF - NINV NCFt - NINV = (1 + IRR ) t t =1 n NCFt NINV = t t= 1 (1 + k) n = t (1 + IRR ) t t =1 = Current market price of shares + Project value added / # shares outstanding 8 Chapter 1 2 1 1 (1+k ) n d $I t kd 1 - 1 k d 2n ) $M n $I (1 + t 2 + = n kd t=1 2 (1+k d ) 2 n = t=1 $M + k d 2n (1 + ) 2 = kd (1 - T) = P p Dp = Dp P0 = D 1 + g Po = Rf + j km - Rf ( ) B Pf E = k k k d (1T) + p + B+ B+ B+ Pf +E Pf +E Pf +E e 9 ...
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