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Lecture Accounting: What the numbers mean (5/e) - Chapter 11: Financial statement analysis

After reading this chapter, you should be able to answer the following questions: How can liquidity measures be influenced by the inventory cost-flow assumption used? How do suppliers and creditors use a customer’s payment practices to judge liquidity? What are the influences of alternative inventory cost-flow assumptions and depreciation methods on turnover ratios?. | CHAPTER 11 FINANCIAL STATEMENT ANALYSIS McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives How can liquidity measures be influenced by the inventory cost-flow assumption used? How do suppliers and creditors use a customer’s payment practices to judge liquidity? What are the influences of alternative inventory cost-flow assumptions and depreciation methods on turnover ratios? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives How are the number of days’ sales in accounts receivable and inventory used to evaluate the effectiveness of the management of receivables and inventory? What is the significance of the price/earnings ratio in the evaluation of the market price of a company’s stock? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives How are dividend yield and the dividend payout ratio used by investors to evaluate a company’s common stock? What is financial leverage, and why is it significant to management, creditors, and owners? What is book value per share of common stock, how is it calculated, and why is it not a very meaningful amount for most companies? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives How can common size financial statements be used to evaluate a firm’s financial position and results of operations over a number of years? How can operating statistics using physical, or non-financial data, be used to help management evaluate the results of the firm’s activities? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objective 1 How can liquidity measures be influenced by the inventory cost-flow assumption used? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Financial Statement Analysis Ratios Used to facilitate the interpretation of an entity’ financial position and results of operations Can be classified into four groups: Liquidity Activity Profitability Debt, or financial leverage McGraw-Hill/Irwin ©The McGraw-Hill | CHAPTER 11 FINANCIAL STATEMENT ANALYSIS McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives How can liquidity measures be influenced by the inventory cost-flow assumption used? How do suppliers and creditors use a customer’s payment practices to judge liquidity? What are the influences of alternative inventory cost-flow assumptions and depreciation methods on turnover ratios? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives How are the number of days’ sales in accounts receivable and inventory used to evaluate the effectiveness of the management of receivables and inventory? What is the significance of the price/earnings ratio in the evaluation of the market price of a company’s stock? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives How are dividend yield and the dividend payout ratio used by investors to evaluate a company’s common stock? What is financial leverage, and why is it significant to .