Book description
For introductory courses in managerial finance.
This package includes MyLab Finance.
Help students apply financial concepts to solve real world problems with a proven teaching and learning framework
The Teaching and Learning System-a hallmark feature of Principles of Managerial Finance-- weaves pedagogy into concepts and practice, giving students a roadmap to follow through the text and supplementary tools. The 15th Edition concentrates on the material students need to know in order to make effective financial decisions in an increasingly competitive business environment. It allows students to make the connections between a firm’s action and its value, as determined in the financial market. With a generous amount of examples, this text is an easily accessible resource for in- and out-of-class learning.
Also available with MyLab Finance
MyLab™ is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.
Note: You are purchasing a standalone product; MyLab Finance does not come packaged with this content. Students, if interested in purchasing this title with MyLab, ask your instructor to confirm the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information.
If you would like to purchase both the physical text and MyLab Finance search for:
013483013X / 9780134830131 Principles of Managerial Finance Plus MyLab Finance with Pearson eText -- Access Card Package, 15/e
Package consists of:
013447631X / 9780134476315 Principles of Managerial Finance
0134479904 / 9780134479903 MyLab Finance with Pearson eText -- Access Card -- for Principles of Managerial Finance
Table of contents
- Principles of Managerial Finance
- Principles of Managerial Finance
- Copyright Page
- Dedication
- About the Authors
- Preface
- To Our Colleagues, Friends, and Family
-
Part One Introduction to Managerial Finance
-
Chapter 1 The Role of Managerial Finance
- Learning Goals
- Why this Chapter Matters to You
- 1.1 Finance and the Firm
- 1.2 Managing the Firm
- 1.3 Organizational Forms, Taxation, and the Principal–Agent Relationship
- 1.4 Developing Skills for Your Career
- Summary
- Opener-in-Review
- Self-Test Problem (Solution in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 2 The Financial Market Environment
- Learning Goals
- Why this Chapter Matters to You
- 2.1 Financial Institutions
- 2.2 Financial Markets
- 2.3 Regulation of Financial Markets and Institutions
- 2.4 The Securities Issuing Process
- 2.5 Financial Markets in Crisis
- Summary
- Opener-in-Review
- Self-Test Problem (Solution in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 1 The Role of Managerial Finance
-
Part Two Financial Tools
-
Chapter 3 Financial Statements and Ratio Analysis
- Learning Goals
- Why this Chapter Matters to You
- 3.1 The Stockholders’ Report
- 3.2 Using Financial Ratios
- 3.3 Liquidity Ratios
- 3.4 Activity Ratios
- 3.5 Debt Ratios
- 3.6 Profitability Ratios
- 3.7 Market Ratios
- 3.8 A Complete Ratio Analysis
- Summary
- Opener-in-Review
- Self-Test Problems (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 4 Long- and Short-Term Financial Planning
- Learning Goals
- Why this Chapter Matters to You
- 4.1 The Financial Planning Process
- 4.2 Measuring the Firm’s Cash Flow
- 4.3 Cash Planning: Cash Budgets
- 4.4 Profit Planning: Pro Forma Statements
- 4.5 Preparing the Pro Forma Income Statement
- 4.6 Preparing the Pro Forma Balance Sheet
- 4.7 Evaluation of Pro Forma Statements
- Summary
- Opener-in-Review
- Self-Test Problems (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 5 Time Value of Money
- Learning Goals
- Why this Chapter Matters to You
- 5.1 The Role of Time Value in Finance
- 5.2 Single Amounts
- 5.3 Annuities
- 5.4 Mixed Streams
- 5.5 Compounding Interest More Frequently Than Annually
- 5.6 Special Applications of Time Value
- Summary
- Opener-in-Review
- Self-Test Problems (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance.
-
Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Personal Finance Problem
- Spreadsheet Exercise
-
Chapter 3 Financial Statements and Ratio Analysis
-
Part Three Valuation of Securities,
-
Chapter 6 Interest Rates and Bond Valuation
- Learning Goals
- Why this Chapter Matters to You
- 6.1 Interest Rates and Required Returns
- 6.2 Government and Corporate Bonds
- 6.3 Valuation Fundamentals
- 6.4 Bond Valuation
- Summary
- Opener-in-Review
- Self-Test Problems (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance.
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 7 Stock Valuation
- Learning Goals
- Why this Chapter Matters to You
- 7.1 Differences Between Debt and Equity
- 7.2 Common and Preferred Stock
- 7.3 Common Stock Valuation
- 7.4 Decision Making and Common Stock Value
- Summary
- Opener-in-Review
- Self-Test Problems (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance.
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 6 Interest Rates and Bond Valuation
-
Part Four Risk and the Required Rate of Return
-
Chapter 8 Risk and Return
- Learning Goals
- Why this Chapter Matters to You
- 8.1 Risk and Return Fundamentals
- 8.2 Risk of a Single Asset
- 8.3 Risk of a Portfolio
- 8.4 Risk and Return: The Capital Asset Pricing Model (CAPM)
- Summary
- Opener-in-Review
- Self-Test Problems (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance.
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 9 The Cost of Capital
- Learning Goals
- Why this Chapter Matters to You
- 9.1 Overview of the Cost of Capital
- 9.2 Cost of Long-Term Debt
- 9.3 Cost of Preferred Stock
- 9.4 Cost of Common Stock
- 9.5 Weighted Average Cost of Capital
- Summary
- Opener-in-Review
- Self-Test Problem (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 8 Risk and Return
-
Part Five Long-Term Investment Decisions
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Chapter 10 Capital Budgeting Techniques
- Learning Goals
- Why this Chapter Matters to You
- 10.1 Overview of Capital Budgeting
- 10.2 Payback Period
- 10.3 Net Present Value (NPV)
- 10.4 Internal Rate of Return (IRR)
- 10.5 Comparing NPV and IRR Techniques
- Summary
- Opener-in-Review
- Self-Test Problem (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 11 Capital Budgeting Cash Flows
- Learning Goals
- Why this Chapter Matters to You
- 11.1 Project Cash Flows
- 11.2 Finding the Initial Investment
- 11.3 Finding the Operating Cash Flows
- 11.4 Finding the Terminal Cash Flow
- 11.5 Summarizing the Net Cash Flows
- Summary
- Opener-in-Review
- Self-Test Problems (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance.
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 12 Risk and Refinements in Capital Budgeting
- Learning Goals
- Why this Chapter Matters to You
- 12.1 Introduction to Risk in Capital Budgeting
- 12.2 Behavioral Approaches for Dealing with Risk
- 12.3 International Risk Considerations
- 12.4 Risk-Adjusted Discount Rates
- 12.5 Capital Budgeting Refinements
- Summary
- Opener-in-Review
- Self-Test Problem (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance.
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 10 Capital Budgeting Techniques
-
Part Six Long-Term Financial Decisions
-
Chapter 13 Leverage and Capital Structure
- Learning Goals
- Why this Chapter Matters to You
- 13.1 Leverage
- 13.2 The Firm’s Capital Structure
- 13.3 EBIT–EPS Approach to Capital Structure
- 13.4 Choosing the Optimal Capital Structure
- Summary
- Opener-in-Review
- Self-Test Problems (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 14 Payout Policy
- Learning Goals
- Why this Chapter Matters to You
- 14.1 The Basics of Payout Policy
- 14.2 The Mechanics of Payout Policy
- 14.3 Relevance of Payout Policy
- 14.4 Factors Affecting Dividend Policy
- 14.5 Types of Dividend Policies
- 14.6 Other Forms of Dividends
- Summary
- Opener-in-Review
- Self-Test Problem (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 13 Leverage and Capital Structure
-
Part Seven Short-Term Financial Decisions
-
Chapter 15 Working Capital and Current Assets Management
- Learning Goals
- Why this Chapter Matters to You
- 15.1 Net Working Capital Fundamentals
- 15.2 Cash Conversion Cycle
- 15.3 Inventory Management
- 15.4 Accounts Receivable Management
- 15.5 Management of Receipts and Disbursements
- Summary
- Opener-in-Review
- Self-Test Problems (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 16 Current Liabilities Management
- Learning Goals
- Why this Chapter Matters to You
- 16.1 Spontaneous Liabilities
- 16.2 Unsecured Sources of Short-Term Loans
- 16.3 Secured Sources of Short-Term Loans
- Summary
- Opener-in-Review
- Self-Test Problem (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 15 Working Capital and Current Assets Management
-
Part Eight Special Topics in Managerial Finance
-
Chapter 17 Hybrid and Derivative Securities
- Learning Goals
- Why this Chapter Matters to You
- 17.1 Overview of Hybrids and Derivatives
- 17.2 Leasing
- 17.3 Convertible Securities
- 17.4 Stock Purchase Warrants
- 17.5 Options
- Summary
- Opener-in-Review
- Self-Test Problems (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 18 Mergers, LBOs, Divestitures, and Business Failure
- Learning Goals
- Why this Chapter Matters to You
- 18.1 Merger Fundamentals
- 18.2 LBOs and Divestitures
- 18.3 Analyzing and Negotiating Mergers
- 18.4 Business Failure Fundamentals
- 18.5 Reorganization and Liquidation in Bankruptcy
- Summary
- Opener-in-Review
- Self-Test Problems (Solutions in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Spreadsheet Exercise
-
Chapter 19 International Managerial Finance
- Learning Goals
- Why this Chapter Matters to You
- 19.1 The Multinational Company and Its Environment
- 19.2 Financial Statements
- 19.3 Risk
- 19.4 Long-Term Investment and Financing Decisions
- 19.5 Short-Term Financial Decisions
- 19.6 Mergers and Joint Ventures
- Summary
- Opener-in-Review
- Self-Test Problem (Solution in Appendix)
- Warm-Up Exercises All problems are available in MyLab Finance
- Problems All problems are available in MyLab Finance. The icon indicates problems in Excel format available in MyLab Finance.
- Personal Finance Problem
- Personal Finance Problem
- Spreadsheet Exercise
-
Chapter 17 Hybrid and Derivative Securities
- Appendix Solutions to Self-Test Problems
- Glossary
- Frequently Used Symbols and Abbreviations
Product information
- Title: Principles of Managerial Finance, 15th Edition
- Author(s):
- Release date: January 2018
- Publisher(s): Pearson
- ISBN: 9780134476315
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