Part 1. Introduction 34
1. The Goals and Activities of Financial Management 35
Part 2. Financial Analysis and Planning 55
2. Review of Accounting 56
3. Financial Analysis 88
4. Financial Forecasting 127
5. Operating and Financial Leverage 156
Part 3. Working Capital Management 188
6 Working Capital and the Financing Decision 189
7. Current Asset Management 221
8. Sources of Short-Term Financing 256
Part 4. The Capital Budgeting Process 284
9 The Time Value of Money 285
10. Valuation and Rates of Return 332
11. Cost of Capital 370
12. The Capital Budgeting Decision 409
13. Risk and Capital Budgeting 448
Part 5. L ong-Term Financing 481
14. Capital Markets 482
15. Investment Banking 504
16. Long-Term Debt and Lease Financing 535
17. Common and Preferred Stock Financing 573
18. Dividend Policy and Retained Earnings 604
19. Convertibles, Warrants, and Derivatives 634
Part 6. Expanding the Perspective of Corporate Finance 660
20. External Growth through Mergers 661
21. International Financial Management 686
Appendices 718
Glossary 730

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