This powerful and effective new learning system fully integrates business tools with concepts and many real-world applications. The Goal and Environment of Managerial Finance, The Role of Finance and the Financial Manager, The Operating Environment of the Firm, Financial Statements and Depreciation and Cash Flow, The Analysis of Financial Statements, Basic Financial Concepts, The Time Value of Money, Risk and Return, Valuation, Long-Term Investment Decisions, Capital Budgeting and Cash Flow Principles, Capital Budgeting Techniques: Certainty and Risk and Some Refinements, Cost of Capital and Leverage and Capital Structures, The Cost of Capital, Leverage and Capital Structure, Long-Term Financing Decisions, Long-Term Debt and Investment Banking, Common Stock and Dividend Policy, Preferred Stock and Leasing and Convertibles and Warrants and Options, Short-Term Financial Decisions, Financial Planning, Net Working Capital and Short-Term Financing, Cash and Marketable Securities, Accounts Receivable and Inventory, Special Managerial Finance Topics, Mergers and LBOs and Divestitures and Failure, Index.