PrefaceAcknow|egementsPart I: Introduction 1 The Role and Objective of Financial Management　　Introduction 3Acknow logements　　Forms of Business Organization　　Foundation Concept: Maximizing Shareholder Wealth　as the Primary Goal　　Maximization of Shareholder Wealth: Managerial　　Strategies　　Foundation Concept: Cash Flow　　Foundation Concept: Net Present Value Rule　　Organization of the Financial Management　　Function　2 The Domestic and Internationai Financial Marketplace　 Introduction　 Income Taxes and Financial Management　 An Overview of the U.S. Financial System　 The Structure and Operation of U.S. Security　 Markets　 Foundation Concept: Market Efficiency　 Foundation Concept: Holding Period Returns　　3 Evaluation of Financial Performance　 Introduction 　 Uses of Financial Analysis　 Interpreting Financial Ratios　 Basic Classifications of Financial Ratios　 Summary of Financial Ratio Analysis　 Trend Analysis　 Analysis of Profitability: Return on Investment　 Foundation Concept: Analyzing Profitability Through　 Return on Stockholders' Equity　 A Word of Caution About Financial Ratio Analysis　 Earnings and Balance Sheet Quality and Financial　 Analysis　 Market-Value Added: An Mternative Measure of　 Performance 4　Financial Planning and Forecasting　 Introduction　 Financial Planning　 Foundation Concept: Cash Flow Analysis　 Financial ForecastingPart 2: Determinants of Valuation　5 The Time Value of Money　　Introduction　　Interest　　Simple Interest　　Compound Interest and Future Value　　Present Value　　Annuities……Present Value: Some Additional Cash Flow PatternsCompounding Periods and Effective Interest RatesSolving the Financial ChallengeIntegrative Case ProblemAppendix 5A: Continuous Compounding AndDiscountingContinuous CompoundingContinuous DiscountingEffective Rate Calculations