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Financial Administration

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Submitted By ajes93
Words 1287
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QUESTIONS 1. Investors use the information to assess whether or not they want to put money into the company. Equity investors look for an indication of stability and the potential growth. Debt investors are concerned with the firm's ability to generate cash to make interest .Vendors who supply the firm on credit look for its ability to pay its bills in the short term. Management uses financial information to pinpoint problem areas for improvement in operations. 2. Financial information about companies comes mainly from the companies themselves. The primary source is the annual report. The numerical information is usually correct, especially with respect to prospects for the future. 3. The whole idea behind financial analysis is to be investigative and critical. The analyst is always looking for potential problems that may make the future less attractive than the past. 4. Cash in the bank is an asset that had to be put there. Putting it there uses cash that then can't be used anywhere else until it's withdrawn. Thus, increasing the cash balance uses cash. 5. The Changes in the equity accounts come from three sources, net income, dividends and the sale of new stock. Net income is included in operating activities, while dividends and new stock sales are part of financing activities. The change in the cash balance is treated as a reconciling item in the cash flow format. 6. Free cash flow is a firm's gross cash flow less necessary reinvestments. It's essentially cash available for distribution as dividends. When one company acquires another, the acquirer is interested in the future free cash flow of the acquiree as an indication of whether the parent firm will have to invest more cash after the acquisition or will be able to take some out for use elsewhere. 7. Ratios are formed by dividing

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