Publisher's Synopsis
This text explains the concepts, measures and relationships which are fundamental to the process of setting financial goals and controlling the fulfilment of the goals at various levels of management responsibility.;The author describes how rates of return on assets, capital employed and stockholders' equity are measured; how the relationships among these measures are dependent upon the method by which operations are financed; and how the financial capacity to grow can be analyzed within a comprehensive financial goal system.;The reader should be familiar with basic accounting concepts. However, the book focuses on the use rather than the preparation of accounting information. It should be useful for students and academics in the field of accounting and finance, and also to business executives and accountants.
