| Business: A Changing World, 4/e O.C. Ferrell,
Colorado State University Geoffrey Hirt,
DePaul University
Financial Management and Securities Markets
Learning ObjectivesAfter reading this chapter, you should be able to: Define current assets and describe some common methods of managing them. Identify some sources of short-term financing (current liabilities). Summarize the importance of long-term assets and capital budgeting. Specify how companies finance their operations and fixed assets with long-term liabilities, particularly bonds. Discuss how corporations can use equity financing by issuing stock through an investment banker. Describe the various securities markets in the United States. Critique the short-term asset and liabilities position of a small manufacturer and recommend corrective action.
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