{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Lecture+Chap2-1

Lecture+Chap2-1 - Statements Lecture No.2 Chapter 2...

Info icon This preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Contemporary Engineering Economics, 4 th   edition.  © 2007 1 Understanding the Financial  Statements Lecture No.2 Chapter 2 Contemporary Engineering Economics Copyright ©2006
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Contemporary Engineering Economics, 4th  edition.  © 2007 2 Understanding Financial Statements Accounting: The Basis of Decision- Making Financial Statements: Financial Status for Businesses Financial Ratios: Using Ratios to Make Business Decisions
Image of page 2
Contemporary Engineering Economics, 4th  edition.  © 2007 3 Chapter Opening Story – Dell Computer  Corporation 1983 – Michael Dell starts business of preformatting IBM PC HDs on weekends 1985 - $6 million sales, upgrading IBM compatibles for local businesses 1986 - $70 million sales; focus on assembling own line of PCs 1990 - $500 million sales with an extensive line of products 1996 – Dell goes online; $1 million per day in online sales; $5.3B in annula sales 1997 – Dell online sales at $3 million per day; 50% growth rate for third consecutive year, 7.8B in total annual sales 2005 - $49.2 B in sales How would you evaluate the financial performance of Dell Corporation?
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Contemporary Engineering Economics, 4th  edition.  © 2007 4 A. Why Engineers need to understand the financial  statements?
Image of page 4
Contemporary Engineering Economics, 4th  edition.  © 2007 5 Accounting – The Language of Business
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Contemporary Engineering Economics, 4th  edition.  © 2007 6 Financial Status for Business
Image of page 6
Contemporary Engineering Economics, 4th  edition.  © 2007 7 B. Understanding the Balance Sheet 1.
Image of page 7

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern