PART 1 INTRODUCTION 1 The Goals and Functions of Financial Management 5 PART 2 FINANCIAL ANALYSIS AND PLANNING 2 Review of Accounting 24 3 Financial Analysis 55 4 Financial Forecasting 87 5 Operating and Financial Leverage 112 PART 3 WORKING CAPITAL MANAGEMENT 6 Working Capital and the FinancingDecision 143 Current Asset Management 172 Sources of Short-Term Financing 208 PART 4 THECAPITAL BUDGETINGPROCESS 9 The Time Value of Money 239 10 Valuation and Rates of Return 266 11 Cost of Capital 301 12 The Capital Budgeting Decision 338 13 Risk and Capital Budgeting 371 PART 5 LONG-TERM FINANCING 14 Capital Markets 403 15 Investment Banking: Public andPrivate Placement 423 16 Long-Term Debt and LeaseFinancing 452 17 Common and Preferred StockFinancing 489 18 Dividend Policy and RetainedEarnings 516 19 Convertibles, Warrants, andDerivatives 540 PART 6 EXPANDING THE PERSPECTIVEOF CORPORATE FINANCE 20 External Growth throughMergers 567 21 International Financial Management 586 Appendixes 619 Glossary 637 Index 660