Solution Manual for Principles Of Managerial Finance 16th Edition by Chad J. Zutter, Scott Smart

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Table of Contents

PART 1 Introduction to Managerial Finance 1
1 The Role of Managerial Finance 3
2 The Financial Market Environment 19

PART 2 Financial Tools 29
3 Financial Statements and Ratio Analysis 31
4 Long- and Short-Term Financial Planning 55
5 Time Value of Money 79

PART 3 Valuation of Securities 119
6 Interest Rates and Bond Valuation 121
7 Stock Valuation 149

PART 4 Risk and the Required Rate of Return 167
8 Risk and Return 169
9 The Cost of Capital 205

PART 5 Long-Term Investment Decisions 231
10 Capital Budgeting Techniques 233
11 Capital Budgeting Cash Flows 261
12 Risk Refinements in Capital Budgeting 293

PART 6 Long-Term Financial Decisions 327
13 Leverage and Capital Structure 329
14 Payout Policy 349

PART 7 Short-Term Financial Decisions 367
15 Working Capital and Current Assets Management 369
16 Current Liabilities Management 383

PART 8 Special Topics in Managerial Finance 399
17 Hybrid and Derivative Securities 401
18 Mergers, LBOs, Divestitures, and Business Failure 421
19 International Managerial Finance 437

, iv Gitman • Principles of Managerial Finance, Twelfth Edition



Part One
Introduction to Managerial Finance

Chapters in This Part

Chapter 1 The Role of Managerial Finance

Chapter 2 The Financial Market Environment

Integrative Case 1: Merit Enterprise Corp.