Description:

This updated and revised edition of well-established text provides a step-by-step approach to the principles of finance in the context of electronic spreadsheets, LOTUS 1-2-3, and other software packages wherever appropriate. It gives an expanded coverage of the working capital to reflect the importance of liquidity and short-term sources of financing. It also broadens the coverage of financial securities and  long-term  fund  sources.

KEY  FEATURES:

Increased clarity of presentation. Some of the cases have been simplified to

focus the attention of the reader on the essential issues. Many of the explanations of key points have been modified, including the addition of new examples, to assist  the  reader  in  complex  points.

Spreadsheet formats. Problem-solving approaches have been converted to formats that are suitable for spreadsheet processing. Examples include financial analysis,  capital  budgeting,  and  lease-buy  decisions.

Expanded working capital coverage. Strong emphasis on managing short-term assets and liabilities. Thoroughly revised approaches to calculating effective costs and rates of return on short-term loans and investments are developed in

a  spreadsheet  format.