1. EBIT/EPS Analysis The tax benefit of debt Trade-off theoryPractical considerations in the determination of capital structure CAPITAL STRUCTUR E Lecture 2 2. Capital structureIssues:…

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Slide 14 - 1 Copyright © 2002 by Harcourt, Inc. All rights reserved. CHAPTER 4 Financial Planning and Forecasting Financial Statements Plans: strategic, operating, and financial…

Slide 1RESIDUAL INCOME VALUATION: VALUING COMMON EQUITY Presenter Venue Date Slide 2 RESIDUAL INCOME Economic Profit Abnormal Earnings Economic Value Added Residual Income…

1. Third Quarter 2005 Earnings Conference CallOctober 26, 2005 2. Safe HarborCertain statements and information included in this presentation are quot;forward-looking statementsquot;…

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PROBLEM 43 When is DEFERRED TAX LIABILITY(DTL) recognized? 1. Accounting Income is HIGHER than its TAX BASE. 2. Carrying Amount of Asset is HIGHER than its TAX BASE. 3. Carrying…

TAXES: The main source of government revenue â¦nothing is certain, but death and taxes. B. Franklin Taxes Fund Public Goods and Services National Defense State and Local…

* Topics in Chapter 15: Capital Structure Business versus financial risk Impact of financial leverage on returns Analyzing alternative capital structures Optimal capital…

Financial Forecasting Forecasting and Pro Forma Analysis Timing of financial needs Amount of financial needs Flow of funds Check the covenants Steps in Financial Forecasting…