20190116【充实计划】第953期

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https://mp.weixin.qq.com/s/CsX1nTcGJ4esWaFB0CDd0g

ARM

Chapter 2: introduction to financial Statement Analysis
Reflection: Asset, current asset, marketable security, account receivable, inventories, long-term assets, depreciation, book value, goodwill, amortization, current liability, accounts payable, net working capital = current assets – current liability; capital lease, deferred taxes, DTA&DTL, equity, book value of equity, market capitalization, PPE, ( propriety, plant and equipment),market-to-book ratio( price-to-book (P/B) ratio equals to market value of equity divided by book value of equity. Analysts often classify firms with low market-to-book ratio as value stocks and these with high market-to-book ratios as growth stocks. A firm’s leverage or the extent to which it relies on debt as a source of financing. The debt ratio is a common ratio used to assess a firm’s leverage.  Debt-equity ratio =total debt/total equity. Enterprise value = market value of equity+ debt-cash. Gross profit , operating expense,  EBIT, pretax and net income, from EBIT, we deduct the interest expense related to outstanding debt to compute Global’s pretax income, and then we deduct corporate taxes to determine the firm’s net income. Earning per share = net income / shares outstanding. The convertible bonds. The number of shares may also grow if the firms issues convertible bonds, a form of debt that can be converted to shares.  Retained earing = net profit – dividends.  Gross margin= gross profit/sales; operating margin= operating income/sales, net profit margin= net income/sales; current ratio= current asses/current liability.  

昨日阅读2小时，累计阅读654小时

昨日阅读6小时，累计阅读85小时。《西方经济学》（宏观部分）学习心得：在分析产品市场的时候，是假定短期内价格是不变的（由于价格有刚性），在不考虑进出口和政府支出的情况下，两部门的总需求决定模型是投资等于储蓄的均衡。此时若计划投资不等于计划储蓄，则存在非计划存货投资。非计划存货投资是产量调节机制，而非价格调节机制。这里假定投资是外生变量，而讲Is曲线时，投资是受利率影响的，利率是连接产品市场和货币市场的纽带。

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