This updated and revised edition of well-established text provides a step-by-step approach to the principles of finance in the context of electronic spreadsheets, LOTUS 1-2-3, and other software packages wherever appropriate. It gives an expanded coverage of the working capital to reflect the importance of liquidity and short-term sources of financing. It also broadens the coverage of financial securities and long-term fund sources.
Increased clarity of presentation. Some of the cases have been simplified to
focus the attention of the reader on the essential issues. Many of the explanations of key points have been modified, including the addition of new examples, to assist the reader in complex points.
Spreadsheet formats. Problem-solving approaches have been converted to formats that are suitable for spreadsheet processing. Examples include financial analysis, capital budgeting, and lease-buy decisions.
Expanded working capital coverage. Strong emphasis on managing short-term assets and liabilities. Thoroughly revised approaches to calculating effective costs and rates of return on short-term loans and investments are developed in
a spreadsheet format.